Problem:
Verifine Corporation reported the following amounts on its 2012 comparative income statements:
|
(In thousands)
|
2012
|
2011
|
2010
|
|
Revenues
|
$10,289
|
$10,045
|
$9,449
|
|
Total expenses
|
5,915
|
5,238
|
5,100
|
Required:
Question: Perform a horizontal analysis of revenues and net income-both in dollar amounts and in percentages-for 2012 and 2011.
Note: Please provide full description.