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

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 inventory turns for 2012? Circle the answer closest to the correct answer.

A) 10
B) 11
C) 12
D) 13
E) 14
F) 15