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Smith Hardware Supply expects $610 million of sales this year, and it forecasts a 16% increase for next year. The CFO uses this equation to

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Smith Hardware Supply expects $610 million of sales this year, and it forecasts a 16% increase for next year. The CFO uses this equation to forecast inventory requirements at different levels of sales: Inventories = $30.2 + 0.32/Sales). All dollars are in millions What is the projected inventory turnover ratio for the coming year

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