The Conner Company reports the following information: Sales for the year ended December 31, 2012 Gross profit for the year ended December 31, 2012 Net income for the year ended December 31, 2012 Total Current Assets, December 31, 2012 Total Current Liabilities, December 31, 2012 Total Assets, December 31, 2012 Total Liabilities, December 31, 2012 Total common shares outstanding, December 31, 2012 Market price per share, December 31, 2012 Dividends per share, for the year ended December 31, 2012 What is the gross profit percentage for the year ended December 31, 2012? $106,950 $52,350 $7,300 $18,700 $7,600 $48,400 $20,850 1,000 $75.00 $5.00 A. 16.2% B. 12.6% C. 6.8% OD. 48.9%