Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Required information Skip to question [The following information applies to the questions displayed below.] Link, Incorporation Selected financial data ($ thousands) 2020 2021 Income statement
Required information Skip to question [The following information applies to the questions displayed below.] Link, Incorporation Selected financial data ($ thousands) 2020 2021 Income statement and related items Sales $ 160,835 $ 274,219 Cost of goods sold 141,829 209,628 Net income (91,432) (257,981) Cash flow from operations (35,831) (12,538) Balance sheet items Cash $ 236,307 $ 164,952 Marketable securities 209,670 22,638 Accounts receivable 12,645 21,655 Inventory 3,971 40,556 Total current assets 462,593 249,801 Accounts payable 17,735 13,962 Accrued liabilities 27,184 76,596 Total current liabilities 44,919 90,558 Please refer to the financial data for Link, Incorporation above. What is Link's gross margin for 2021
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started