Use the following to answer questions 13-15:

Pioneer Industries gathered the following year-end data (in thousands) for 2012 and 2011:

2012 2011

Current Assets $345 $365

Long-Term Assets 790 720

Current Liabilities 280 310

Long-Term Liabilities 410 440

Owners' Equity 445 335

Net Sales 830 790

Cost of Goods Sold 455 435

Gross Margin 375 355

Net Income 120 105

The current ratio at the end of 2012 was:

1.23

1.18

0.97

0.81

Question 14. The gross margin percentage for 2012 was:

32.0%

45.2%

62.9%

84.3%

Question 15. The debt to equity ratio for 2012 was:

1.55

1.0

0.92

0.63