Jasper Furnishings has $400 million in sales. The company expects that its sales will increase 15% 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 - $40 +0.295(Sales) Given the estimated sales forecast and the estimated relationship between inventories and sales, what are your forecasts of the company's year end inventory level? Write out your answer completely. For example, 5 million should be entered as 5,000,000. Do not round intermediate calculations. Round your answer to the nearest dollar What are your forecasts of the company's year-end Inventory turnover ratio? Do not round intermediate calculations. Round your answer to two decimal places