The Following Information Is Provided from EZ Electronics' Annual Report $\bold{2011}$

question 48

Multiple Choice

The following information is provided from EZ Electronics' annual report for the years ended December 31:

-Refer to the EZ Electronics annual report above.Using horizontal analysis with 2010 as the base year, $\bold{2011}$ gross profit would be represented as ________.

• A)109%
• B)9%
• C)69%
• D)169%

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Definitions:

Certified Public Accountant

A professional designation given to qualified accountants in numerous countries, denoting that the individual has passed a licensure exam and met statutory requirements.

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A business that provides accounting, auditing, tax, consulting, and financial advisory services to clients.

Internal Users

Individuals within an organization, such as managers and employees, who use financial information for decision-making.

Accounting Information

Financial data and insights about the operations and financial position of a business, used by stakeholders to make decisions.