Selected financial data for Link, Inc. follows: ($ in thousands) The gross margi

Question

Selected financial data for Link, Inc. follows: ($ in thousands)

The gross margin for 2012 is:

-94%

13%

26%

31%

None of the above.

-94%

13%

26%

31%

None of the above.

Sales Cost of goods sold Net income Cash flow from operations 2011 $160,835 $141,829 -$91,432 -$35,831 2012 $274,219 $209,628 -$257,981 -$12,538 Balance Sheet Cash Marketable securities Accounts receivable Inventories $236,307 $209,670 $12,645 $3,971 $462,593 $164,952 $22,638 $21,655 $40,556 $249,801 Total current assets Accounts payable Accrued liabilities $17,735 $27,184 $44,919 $13,962 S76,596 $90,558 Total current liabilities

Explanation / Answer

Gross Margin (%) = (Sales - Cost of Goods Sold) / Sales

= (274,219 - 209,628) / 274,219

= 64,591 / 274.219

= .2355

=23.55% = 24%

None of the above.

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