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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

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:

2011 2012
Inventory $2,367,121 $2,418,257
Gross Margin 37% 45%
Inventory Turns 8 [unreadable]

Prior to the fire, ProofSmart saw a sales growth of 8% 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 ).

1). 32745384

2). 30213322

3). 57894582

4). 18936968

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