Question: Roofer a supplier was burned down in a recent fire. The following information was recovered: 2011 2012 Inventory $2,367,121 $2,418,257 Gross Margin 19% 45% Inventory

Roofer a supplier was burned down in a recent

Roofer a supplier was burned down in a recent fire. The following information was recovered: 2011 2012 Inventory $2,367,121 $2,418,257 Gross Margin 19% 45% Inventory Turns 6 6 [unreadable] Roofer saw a sales growth of 42% in 2012, a record performance for the 18 year-old company. What was the sales for 2012? NOTE: Gross margin is defined as 1 - (COGS / Sales)

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