The Following Information Is Provided from EZ Electronics' Annual Report $\bold{2012}$

question 74

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, $\bold{2012}$ operating expenses would be represented as ________.

• A)20%
• B)120%
• C)40%
• D)48%

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Definitions:

Geographically

Pertaining to or based upon the natural features, population, industries, etc., of regions or places.

Quick Ratio

A liquidity metric indicating a company’s capacity to meet short-term obligations with its most liquid assets without selling inventory.

Common Size Statements

Financial statements that present all line items as percentages of a common base figure rather than in absolute numbers, facilitating comparison across periods and companies.

Statement of Comprehensive Income

A financial statement that includes all changes in equity not resulting from interactions with shareholders, in addition to traditional net income.