During the Years 2009 Through 2011, Powers Limited, Reported the Following

question 3

Multiple Choice

During the years 2009 through 2011, Powers Limited, reported the following amounts of profit (dollars in thousands) : $$\begin{array} { | l | l | l | } \hline 2011 & 2010 & 2009 \\\hline \$ 170 & \$ 150 & \$ 120 \\\hline\end{array}$$ Relative to the prior year, the percentage change in profit:

• A) Was the same in 2010 and 2011.
• B) Was larger in 2011 than in 2010.
• C) Was smaller in 2011 than in 2010.
• D) Cannot be determined without knowing how many shares were outstanding.

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Definitions:

Bridge

A structure built to span a physical obstacle, such as a body of water, valley, or road, without blocking the way underneath.

Base Level

The lowest point to which erosion by running water can occur, often the level at which a river meets the sea or lake.

Climate

The long-term pattern of weather in a particular area, typically averaged over a period of 30 years.

Stream-Cut Canyon

A deep valley formed through the prolonged action of a stream cutting through the terrain, often displaying steep sides.