Selected Financial Data for Barnstable Company Appear Below -For Year 2,what Was the Gross Margin as a Percentageof

question 131

Multiple Choice

Selected financial data for Barnstable Company appear below:
$\begin{array}{|l|r|r|}\hline & \text { Year 2 } & \text { Year 1 } \\\hline \text { Sales } & \text { (in thousands) } & \\\hline \text { Operating Expense } & \$ 1,500 & \$ 1,200 \\\hline \text { Interest Expense } & \$ 450 & \$ 400 \\\hline \text { Cost of Goods Sold } & \$ 75 & \$ 30 \\\hline \text { Dividends Declared and Paid } & \$ 900 & \$ 720 \\\hline\end{array}$

-For Year 2,what was the gross margin as a percentageof sales?

• A) 5%.
• B) 10%.
• C) 40%.
• D) 60%.

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Definitions:

Antigen Processing

The breakdown of antigens into peptides that can be presented on the cell surface to T cells by MHC molecules, crucial for initiating an immune response.

Primary Lymphatic Organs

Organs where B and T lymphocytes mature and differentiate, including the bone marrow and thymus.

Red Bone Marrow

A type of bone marrow that produces blood cells, located in the spongy bone.

Thymus

A small organ located in the upper chest, crucial for the development of the immune system's T cells during early life.