The AFN equation and the financial statement-forecasting approach both assume that assets grow at relatively the same rate as sales, However, the relationship between assets and sales is often a little more difficult than that. In particular, some firms use regression analysis to predict the requirec assets needed to support a given level of nales. Mile Brewing Co, has used its historical sales and asset data to estimate the following regression equations: Mile Brewing Co. currently has sales of $1,230,000, but it expects sales to grow by 30%$ over the next year. Use the regression models to calculate. Mile Breving Co,'s forecasted values for accounts recelvable and inventories needed to support next year's sales. Based on the next year's accounts recelvable and inventory levels predicted by Mile Brewing Co.'s regression equations, the firm's oso for next xear is expected to be Use 365 days as the length of a year in all calculations