Trend Analysis Krispy Kreme Doughnuts, Inc. is a specialty retailer of doughnuts. The income statements and balance

Question:

Trend Analysis Krispy Kreme Doughnuts, Inc. is a specialty retailer of doughnuts. The income statements and balance sheets (slightly modified) for the years ended February 3, 2002 and February 2, 2003 are in Exhibit 12-16.

1. Prepare an income statement and balance sheet for Krispy Kreme that has two columns, one showing the amount of change between 2002 and 2003 and the other showing the percentage of change. 2. Identify and discuss the most significant changes between 2002 and 2003.

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