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Category > Accounting Posted 13 Feb 2019 My Price 5.00

Chapter 2 Basic process thinking ProofSmart Inc.

Chapter 2: Basic process thinking

 

 

 

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:

 

 

2006

2007

Inventory

$2,367,121

$2,418,257

Gross Margin

42%

45%

Inventory Turns

11

[unreadable]

 

 

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).)

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SmartExpert
(118)
Status NEW Posted 13 Feb 2019 09:02 AM My Price 5.00

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1550050049-Chapter 2 Basic process thinking ProofSmart Incdoc
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