Question: From the following hypothetical data for Riffa Co . in 2 0 1 8 and 2 0 1 9 to project revenues, cost of goods

From the following hypothetical data for Riffa Co. in 2018 and 2019 to project revenues, cost of goods sold, and inventory for Year +1.Assume that Riffa's Year +1 revenue growth rate, gross profit margin growth rate, and inventory turnover will be identical to 2019. Project the average inventory balance in Year +1 and use it to compute the implied ending inventory balance.Required:

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