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why my answer was wrong? Financial Statement Analysis Perform horizontal analysis of revenues, expenses, and net income Regan Corporation reported the following amounts on its

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Financial Statement Analysis Perform horizontal analysis of revenues, expenses, and net income Regan Corporation reported the following amounts on its 2018 comparative income statements: n 2017 (In thousands) Revenues Expenses Net income 2018 $ 20,477 $ 10,915 $ 9,562 $ 20,997 $ 10,238 10,759 $ 2016 18,600 10,100 8,500 st Use the blue shaded areas on the ENTERANSWERS tab for inputs. Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong The mi ev Requirement Perform a horizontal analysis of revenues, expenses, and net income - both in dollar amounts and in percentages - for 2018 and 2017. Enter decreases (in dollars and percentages) as negative values. b. Use cell references from prior calculations, if applicable a. Saving & Submitting Solution 1 Save file to desktop a Create folder on desktop, and label COMPLETED EXCEL PROJECTS 2 Upload and submit your file to be graded Navigate back to the activity window - screen where you downloaded the initial spreadsheet b. Click Choose button under step 3; locate the file you just saved and click Open Click Upload button under step 3 d. Click Submit button under step 4 a. C. INSTRUCTIONS ENTERANSWERS Perform a horizontal analysis of revenues, expenses, and net income - both in dollar amounts and in percentages - for 2018 and 2017. (Always use cell references and formulas where appropriate to receive full credit. If you copy/paste from the Instructions tab you will be marked wrong. Use cell references from prior calculations, if applicable.) Revenues Expenses Net income 2018 s Change % Change -520 -2.5% 677 6.6% -1,197 -11.1% 2017 s Change % Change 2.397 12.9% 138 1.4% 2.259 26.6%

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