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10.5 P R OJECTIN G REVENUES , COS T O F G O OD S SOL D , AN D INVEN- T O R Y . W al g r e en s i s… 1 answer below » 10.5 P R OJECTIN G REVENUES , COS T O F G O OD S SOL D , AN D INVEN- T O R Y . Walgreens is a leading chain of drugstores in the United States. Use the following data for Walgreens in Years 7 and 8 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 8. Project the average inventory balance in Year +1 and use it to compute the implied ending inventory balance. Walgreens (data in millions) View complete question » 10.5 P R OJECTIN G REVENUES , COS T O F G O OD S SOL D , AN D INVEN- T O R Y . Walgreens is a leading chain of drugstores in the United States. Use the following data for Walgreens in Years 7 and 8 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 8. Project the average inventory balance in Year +1 and use it to compute the implied ending inventory balance. Walgreens (data in millions) Year 7 Year 8 Sales Revenues $53,762 $59,034 Cost of Goods Sold $38,518 $42,391 Ending Inventory $ 6,791 $ 7,249 View less » Dec 08 2015 04:22 PM
