Question $8$

$0\mathrm{.}5$ points

From the following hypothetical data for Al baha Co$.$ in $2018$ and $2019$ to project revenues, cost of goods sold, and inventory for Year $+1.$

Assume that Al baha's Year $+1$ revenue growth rate, gross profit margin growth rate, and inventory turnover will be identical to $2019.$ Project the average inventory balance in Year $+1$ and use it to compute the implied ending inventory balance.

$\backslash$table$[[$Al baha Co$.,2018,2019],[$Sales Revenue,$84000,104544],[$Cost of Goods Sold,$56820,66520],[$Ending Inventory,$6280,8480]]$

What is the Gross Profit Margin growth rate.

$22\mathrm{.}0\%$

$31\mathrm{.}1\%$

$39\mathrm{.}9\%$

$28\mathrm{.}8\%$

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