A: The gross margin for 2011 was:

B: The return on equity for 2011 was:

Gopher Industries gathered the following year-end data (in thousands) for 2011 and 2010: 2011 $450 1,000 325 2010 $395 920 350 Current Assets Long-Term Assets Current Liabilities Long-Term Liabilities Owners' Equity Net Sales Gross Margin Net Income 410 715 440 525 850 375 820 355 105 120 The return on equity for 2011 was: 19.35% O 16.78% 22.86% O 12%