Analyze firm's performance by using Common size method below:

Interpret and discuss based from your financial analysis. What recommendations would you make to management?

Common size income statement 12 Months Ended Consolidated Statements of Income - USD ($) shares in Millions, Sin Millions Dec. 26, 2020 Dec. 28, 2019 Dec. 29, 2018 Amount Percentage Amount Percentage Amount Percentage $ 70,848 27,111 43,737 13,543 6,950 72 20,421 Income Statement (Abstract) Net revenue Cost of sales Gross margin Research and development Marketing, general and administrative Restructuring and other charges Operating expenses Operating Income Gains (losses) on equity investments, net Interest and other, net Income before taxes Provision for taxes Net income Earnings per share-basic Earnings per share-diluted Weighted average shares of common stock outstanding: Basic (shares) Diluted (shares) $ 77,867 34,255 43,612 13,556 6,180 198 19,934 23,678 1,904 (504) 25,078 4,179 $ 20,899 $4.98 $ 4.94 100.00% 43.99% 56.01% 17.41% 7.90% 0.25% 25.60% 30.41% 2.45% (0.65%) 32.21% 5.37% 26.84% 0.01% 0.01% $ 71,965 29,825 42,140 13,362 6,350 393 20,105 22,035 1,539 484 24,058 3,010 $ 21,048 $4.77 $ 4.71 100.00% 41.44% 58.56% 18.57% 8.82% 0.55X 27.94% 30.62% 2.14% 0.67% 33,43% 4.18% 29.25% 0.01% 0.01% 23,316 (125) 126 23,317 2,264 $ 21,053 $4.57 $4.48 100.00% 38.27% 61.73% 19.12% 9.81% 10.10%) 28.82% 32.91% (0.18%) 0.18% 32.91% 3.20% 29.72% 0.01% 0.01% 4,199 4,232 5.39% 5.43% 4,417 4,473 6.14% 6.22% 4,611 4,701 6.51% 6.64% Dec. 28, 2019 Amount Percentage $4,194 1,082 7,847 7,659 8,744 0 1,713 31,239 55,386 3,9671 3,276 26,276 10,827 5,553 136,524 3.07% 0.79% 5.75% 5.61% 6.40% 0.00% 1.25% 22.88% 40.57% 2.91% 2.40% 19.25% 7.93% 4.07% 100.00% Common size balance sheets Consolidated Balance Sheets - USD ($) $ in Millions Dec. 26, 2020 Amount Percentage Current assets: Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents $5,865 3.83% Short-term investments 2,292 1.50% Trading assets 15,738 10.28% Accounts receivable, net of allowance for doubtful accounts 6,782 4.43% Inventories 8,427 5.50% Assets held for sale 5,400 3.53% Other current assets 2,745 1.79% Total current assets 47,249 30.86% Property, plant and equipment, net 56,584 36.96% Equity Investments 5,152 3.3796 Other long-term investments 2,192 1.43% Goodwill 26,971 17.62% Identified intangible assets, net 9,026 5.90% Other long-term assets 5,917 3.87% Total assets 153,091 100.00% Current liabilities: Short-term debt 2,504 1.64% Accounts payable 5,581 3.65% Accrued compensation and benefits 3,999 2.6196 Other accrued liabilities 12,670 8.28% Total current liabilities 24,754 16.17% Debt 33,897 22.14% Contract Liabilities 1,367 0.89% Income taxes payable, non-current 4,578 2.99% Deferred income taxes 3,843 2.51% Other long-term liabilities 3,614 2.36% Commitments and Contingencies (Note 19) Temporary equity 0 0.00% Stockholders' equity: Preferred stock. $0.001 par value, 50 shares authorized: none issued 0 0.00% Common stock, $0.001 par value, 10,000 shares authorized; 4,062 shares issued 25,556 and outstanding (4,290 issued and outstanding in 2019) and capital in excess of par value 16.69% Accumulated other comprehensive income (loss) (751) -0.49% Retained earnings 56,233 36.73% Total stockholders' equity 81,038 52.93% Total liabilities, temporary equity, and stockholders' equity $ 153,091 100.00% 3,693 4,128 3,853 10,636 22,310 25,308 1,368 4,9191 2,044 2,916 2.71% 3.02% 2.82% 7.79% 16.34% 18.54% 1.00% 3.60% 1.50% 2.14% 155 0.11% 0.00% 0 25,261 (1,280) 53,5231 77,5041 $ 136,524 18.50% -0.94% 39.20% 56.77% 100.00%