What is the inventory forecast for next year

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Reference no: EM131179642

Pepsico's CFO uses this equation, which was developed by regressing inventories on sales over the past 5 years, to forecast inventory requirements: Inventories = $24.4 + 0.234 x (Sales). The company expects sales of $400 during the current year, and it expect sales to grow by 18% next year. What is the inventory forecast for next year? All dollar amounts are in millions.

Reference no: EM131179642

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