What was the sales for 2012

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Question: 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:

	2011	2012
Inventory	$2,367,121	$2,418,257
Gross Margin	37%	45%
Inventory Turns	8	[unreadable]

Prior to the fire, ProofSmart saw a sales growth of 8% in 2012, a record performance for the 18 year-old company.

What was the sales for 2012?

Reference no: EM133298765

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