ProofSmart Inc $48 \%$ In 2007 , a Record Performance for the 18 Year-Old

question 13

Multiple Choice

ProofSmart Inc.
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:

Prior to the fire, ProofSmart saw a sales growth of $48 \%$ in 2007 , a record performance for the 18 year-old company. (NOTE: Gross margin is defined as 1 -(COGS/Sales) .)
-What was the sales for 2012? Circle the answer closest to the correct answer.

• A)$318,000
• B)$38,000,000
• C)$43,000,000
• D)$66,000,000
• E)$85,000,000

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Definitions:

Purchasing Power

the value of currency expressed in terms of the amount of goods or services that one unit of money can buy.

Inflation

The rate at which the general level of prices for goods and services rises, eroding purchasing power.

Business Managers

Professionals responsible for planning, directing, and overseeing operations and employees within companies.

International Business

Commercial transactions that occur across national borders, including trade, investment, and operational activities.