H. J. Heinz Company is a global company engaged in several lines of business, including food service, infant foods, condiments, pet foods, and weightcontrol food products. Below is a five-year summary of operations and other related data for Heinz.10 (Amounts are expressed in thousands.)

Prepare a trend analysis for Heinz with 2000 as the base year and discuss the results. Identify important trends and state whether the trends are favorable or unfavorable. Discuss significant relationships among the trends.
Decision Analysis Using Excel Effect of a One-Time Item on a Loan Decision

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H. J. Heinz Company and Subsidiaries Five-Year Summary of Operations and Other Related Data 2004 2003 2002 2001 2000 Summary of operations Sales $8,414,538 $8,236,836 $7,614,036 $6,987,698 $6,892,807 Cost of products sold 5,326,281 5,304,362 4,858,087 4,407,267 4,356,965 Interest expense 211,826 223,532 230,611 262,488 206,996 Provision for income taxes 389,618 313,372 375,339 190,495 508,546 Net income (before special items) 778,933 477,547 675,181 548,650 780,145 Other related data Dividends paid: common 379,910 521,592 562,547 537,290 513,756 Total assets 9,877,189 9,224,751 10,278,354 9,035,150 8,850,697 Total debt 4,974,430 4,930,929 5,345,613 4,885,687 4,112,401 Shareholders' equity 1,894,189 1,199,157 1,718,616 1,373,727 1,595,856