Car Facts Inc. reports sales of $17,462,630 thousand and cost of sales of $13,691,824 thousand for the fiscal year ended February 28. The gross profit for the year is:

Select one:

a. 21.60%

b. There is not enough information to determine gross profit.

c. $3,770,806 thousand

d. 78.4%

e. $1,610,798 thousand