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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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![McCormick Corporation reported the following amounts on its 2021 comparative income statements:
(Click the icon to view the data.)
Perform a horizontal analysis of revenues, expenses, and net income-both in dollar amounts and in percentages-for 2021 and 2020. (Use a minus sign or parentheses for decreases. Enter al
currency amounts in thousands as provided in the data. Round percentage changes to the nearest one-tenth of a percent, X.X%. Do not enter the % symbol in any of the input fields.)
(In thousands)
Revenues
Expenses
Net income
McCormick Corporation
Horizontal Analysis
Years Ended December 31, 2021, 2020 and 2019
$
2021
2020
$ 20,473 $ 20,998 $ 18,111
10,822
10,422
10,110
10,576 $
8,001
9,651 $
2019 Amount
2021
Increase (Decrease)
10K
%
%
%
******
%
2020
Amount
%
%
%
%](https://content.bartleby.com/qna-images/question/6e0fefd6-f6db-496c-9a39-e894d1c47056/4321b36f-0194-492f-8000-d835988aa33a/ebzzr5_thumbnail.jpeg)
Transcribed Image Text:McCormick Corporation reported the following amounts on its 2021 comparative income statements:
(Click the icon to view the data.)
Perform a horizontal analysis of revenues, expenses, and net income-both in dollar amounts and in percentages-for 2021 and 2020. (Use a minus sign or parentheses for decreases. Enter al
currency amounts in thousands as provided in the data. Round percentage changes to the nearest one-tenth of a percent, X.X%. Do not enter the % symbol in any of the input fields.)
(In thousands)
Revenues
Expenses
Net income
McCormick Corporation
Horizontal Analysis
Years Ended December 31, 2021, 2020 and 2019
$
2021
2020
$ 20,473 $ 20,998 $ 18,111
10,822
10,422
10,110
10,576 $
8,001
9,651 $
2019 Amount
2021
Increase (Decrease)
10K
%
%
%
******
%
2020
Amount
%
%
%
%
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