Smith 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 all 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 Smith Corporation Horizontal Analysis Years Ended December 31, 2021, 2020 and 2019 2021 $ 20,289 $ 10,813 9,476 $ 9,648 $ $ 2020 2019 20,045 $ 18,449 10,397 10,130 8,319 2021 Amount Increase (Decrease) % % % C... % 2020 Amount % % % %
Smith 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 all 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 Smith Corporation Horizontal Analysis Years Ended December 31, 2021, 2020 and 2019 2021 $ 20,289 $ 10,813 9,476 $ 9,648 $ $ 2020 2019 20,045 $ 18,449 10,397 10,130 8,319 2021 Amount Increase (Decrease) % % % C... % 2020 Amount % % % %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Smith 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 all
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
$
$
Smith Corporation
Horizontal Analysis
Years Ended December 31, 2021, 2020 and 2019
2021
20,289 $
10,813
2020
20,045 $ 18,449
10,397
10,130
8,319
2019
9,476 $ 9,648 $
2021
Amount
Increase (Decrease)
%
%
%
C...
%
2020
Amount
%
%
%
%
Transcribed Image Text:Data table
(In thousands)
Revenues
Expenses
Net income
$
$
2021
20,289 $
10,813
9,476 $
2020
2019
20,045 $ 18,449
10,397
10,130
9,648 $
8,319
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