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

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%