Required: 1. What does the company report for the following accounts for the most current fiscal year: Enter your answer in millions. a. Net sales b. Beginning inventory c. Cost of sales d. Ending inventory 2. Assume that the company projects the following: Net sales and cost of goods sold will increase by 8% in the next facal year Purchaser are expected to be 102% of projected cost of sales. Assume all other items remain unchanged from the prior year. Provide the next year's forecasted balances: Round your answer to the nearest million. a. Net sales b. Cost of sales Purchases d. Beginning inventory s e. Ending inventory 3. What inventory costing method does the company use to value its inventory (domestic) 4. Is the inventory costing method used by the company more likely increase warnings or decrease tases relative to other inventory costing methods when inventory prices are rising? 5. Compute the forecasted inventory fumever ratio. Round to te decimal places. B. many days it take to and the inventory on hand use 365 days a year found to the nearest days MAR 7. Compute the grass proth catio. Pwcord your anavar as a decimal rounded to hire places rather than a parentage