Question $1$

From the following hypothetical data for XYZ Co$.$ in $2018$ and $2019$ to project revenues, cost of goods sold, and inventory for Year $+1.$ Assume that XYZ$\text{'}$s Year $+1$ revenue growth rate, gross profit margin growth rate, and inventory turnover will be identical to $2019.$

$\backslash$table$[[$XYZ Co$.,2018,2019],[$Sales Revenue,$96392,102440],[$Cost of Goods Sold,$65820,68500],[$Ending Inventory,$15270,22560]]$

Required: Project the average inventory balance in Year $+1$ and use it to compute the implied ending inventory balance.

Show your calculations clearly.