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

Question

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

Quizplus · Accepted Answer

The Answer of 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

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

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