11) Refer to the EZ Electronics annual report above. Using horizontal analysis with 2010 as the base year,
2011
operating expenses would be represented as ________.
A) 38%
B) 105%
C) 5%
D) 40%
12) Refer to the EZ Electronics annual report above. Using horizontal analysis with 2010 as the base year,
2012
operating expenses would be represented as ________.
A) 20%
B) 120%
C) 40%
D) 48%
13) Refer to the EZ Electronics annual report above. Using horizontal analysis with 2010 as the base year,
2011
income before taxes would be represented as ________.
A) 13%
B) 105%
C) 31%
D) 131%
14) Refer to the EZ Electronics annual report above. Using horizontal analysis with 2010 as the base year,
2012
income before taxes would be represented as ________.
A) 27%
B) 127%
C) 107%
D) 7%
15) Refer to the EZ Electronics annual report above. Using horizontal analysis with 2010 as the base year,
2011
net income would be represented as ________.
A) 12%.
B) 13%.
C) 113%.
D) 22%.
16) Refer to the EZ Electronics annual report above. Using horizontal analysis with 2010 as the base year,
2012
net income would be represented as ________.
A) (6%)
B) (1%)
C) 7%
D) 19%
The following information is provided from Ace Electronics' annual report for the years ended December 31:
2012 2011 2010
Sales$118,000$112,000$100,000
Cost of goods sold50,00042,00040,000
Gross profit68,00070,00060,000
Operating expenses50,00045,00040,000
Net income$ 18,000$ 25,000$ 20,000
17) Refer to the Ace Electronics annual report above. Using horizontal analysis with 2010 as the base year,
2011
Sales would be represented as ________.
A) 112%
B) 12%
C) 11%
D) 1.12%
18) Refer to the Ace Electronics annual report above. Using horizontal analysis with 2010 as the base year,
2012
Sales would be represented as ________.
A) 118%
B) 18%
C) 6%
D) 5%
19) Refer to the Ace Electronics annual report above. Using horizontal analysis with 2010 as the base year,
2011
Cost of goods sold would be represented as ________.
A) 105%
B) 38%
C) 6%
D) 5%
20) Refer to the Ace Electronics annual report above. Using horizontal analysis with 2010 as the base year,
2012
Cost of goods sold would be represented as ________.
A) 24%
B) 20%
C) 29%
D) 25%