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 vertical analysis,2010 net income would be represented as ________.
Definitions:
Interest Expense
The cost incurred by an entity for borrowed funds, typically expressed as an annual rate.
Quick Assets
Liquid assets that can be rapidly converted into cash, excluding inventory, such as cash, marketable securities, and receivables.
Leverage
The use of borrowed capital or financial instruments to increase the potential return of an investment or project.
Debt Financing
The raising of funds through borrowing, either by issuing bonds or taking out loans, which creates a liability to be repaid over time.
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