Question: Question 4 1 Ints Save Ans ProolSmart Inc., a supplier of home insulation materials was burned down in a recent fire. From the remains of

Question 4 1 Ints Save Ans ProolSmart 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 40% in 2007 a record performance for the 18-year-old company. (NOTE: Gross margin is defined as 1-COGS/Sales)) What was the inventory turns for 2007? (Round to the closest integer.) Hint Calculate the sales in 2007 then the COGS in 2007 Use COGS and Inventory to get inventory Turns. 1000 STYN

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