PROJECTING REVENUES, COST OF GOODS SOLD, AND INVEN- TORY. 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 |
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