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

Multiple Choice

The following information is provided from Ace Electronics' annual report for the years ended December 31:

-Refer to the Ace Electronics annual report above.Using horizontal analysis with 2010 as the base year, $\bold{2012}$ Operating expenses would be represented as ________.

A) 10%
B) 11%
C) 20%
D) 25%