Friday, August 20, 2010 8:28:31 PM
If we had $10,529 in gross sales, less $3964 in COGS, and a gross profit margin of $6,656... our profit margin is 63.2%
On an (assumed finished) inventory of $290,000, we're looking at turning that $290k in inventory into $473,280 in cash.
Sounds good (and reasonable) to me.
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