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Jasper Furnishings has $325 million in sales. The company expects that its sales will increase 11% this year. Jasper's CFO uses a simple linear regression

Jasper Furnishings has $325 million in sales. The company expects that its sales will increase 11% this year. Jasper's CFO uses a simple linear regression to forecast the company's inventory level for a given level of projected sales. On the basis of recent history, the estimated relationship between inventories and sales (in millions of dollars) is as follows:

Inventories = $30 + 0.13(Sales)

What are your forecasts of the company's year-end inventory turnover ratio? Round your answer to two decimal places.

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