Question: Sparkys Selected Financial Statement data For Fiscal year end 2012 2011 (amounts in thousands of dollars) Net sales $125,410 $106,380 Cost of Goods Sold -104,090

Sparkys Selected Financial Statement data
For 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 profit	$21,320	$17,021

Inventory	$31,353	$30,850

Sparkys 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 Sparkys inventory turnover ratio for 2013 is 4.5 what will be the level of inventory at the end of 2013?

ANSWER is $26,475why?

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