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

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, $\bold{2011}$ Net income would be represented as ________.

A) 36%
B) 22%
C) 20%
D) 25%