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Sparky's sells auto parts. Provided below is selected ?nancial information from the company's 2012 annual report:
Sparky sells Selected Financial Statement data Fiscal year end 2012 2011
(amounts in thousands of dollars) Net sales $125,410 $106,380
Cost of Goods Sold -104,090 -89,359
Gross Pro?t $21,320 $17,021
Inventory $31,353 $30,850
Question1: Sparky's forecasts that sales will grow by 25% in 2013 and that its cost of goods sold to sales ratio will be the same in 2013 as it was in 2012. If these assumptions prove correct and Sparky's inventory turnover ratio for 2013 is 4.5 what will be the level of inventory at the end of 2013?
a.$31,353
b.$42,314
c. $26,475
d. $40,000
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