Link, Inc. Selected financial data (\$ thousands) 2016 2017 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 (35,831) (12,538) operations 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 462,593 249,801 assets Accounts payable 17,735 13,962 Accrued liabilities 27,184 76,596 Total current 44,919 90,558 liabilities Please refer to the financial data for Link, Inc. above. Link's gross margin for 2017 is