Kamath-Meier Corporation's CFO Uses This Equation,which Was Developed by Regressing

question 29

Multiple Choice

Kamath-Meier Corporation's CFO uses this equation,which was developed by regressing inventories on sales over the past 5 years,to forecast inventory requirements: Inventories = $22.0 + 0.125(Sales) .The company expects sales of $400 million during the current year,and it expects sales to grow by 30% next year.What is the inventory forecast for next year? All dollars are in millions.

• A)$74.6
• B)$78.5
• C)$82.7
• D)$87.0
• E)$91.4

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