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

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, $\bold{2011}$ cost of goods sold would be represented as ________.

A) 113%
B) 133%
C) 13%
D) 33%