use the following hypothetical data for Walgreens in years 11 and 12 to project revenues, cost of goods sold, and inventory for year +1. Assume that Walgreen's year +1 revenue growth rate, gross profit margin, and inventory turnover will be identical to year 12. Project the average inventory balance in year +1 and use it to compute the implied ending inventory balance.

Year 11: sales revenues $53,762, cost of goods sold $38,518, ending inventory $6,791

Year 12: sales revenues $ 59,034, cost of goods sold $42,391, ending inventory $7,249