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Reference no: EM13921155

ProofSmart Inc.

ProofSmart Inc., a supplier of home insulation materials, was burned down in a recent fire. From the remains of what used to be the accounting ledger, the following information was recovered:

2006
2007
Inventory
$2,367,121
$2,418,257
Gross Margin
42%
45%
Inventory Turns
11
[unreadable]

Prior to the fire, ProofSmart saw a sales growth of 48% in 2007, a record performance for the 18 year-old company. (NOTE: Gross margin is defined as 1-(COGS/Sales).)

Reference no: EM13921155

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