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Finally, write a paragraph with at least five sentences highlighting the areas of the most significant change. Try to explain the context behind the significant
Finally, write a paragraph with at least five sentences highlighting the areas of the most significant change. Try to explain the context behind the significant changes. Do any of the changes concern you?
12 Months Ended $ Difference % Difference Jan. 03, 2021 Dec. 29, 2019 $4,117,411 $3,618,774 $498,637 14% 2,522,918 2,216,275 $306,643 14% CONSOLIDATED STATEMENTS OF INCOME - USD ($) $ in Thousands Revenues: Revenue Cost of sales: Cost of sales Operating margin General and administrative U.S. franchise advertising Income from operations Interest income 1,594,493 1,402,499 $191,994 14% 406,613 382,293 $24,320 6% 462,238 390,799 $71,439 18% 725,642 629,407 $96,235 15% 1,654 4,048 ($2,394) -59% Interest expense -172,166 -150,818 ($21,348) 14% Income before provision for income taxes 555,130 482,637 $72,493 15% 63,834 81,928 Provision for income taxes Net income ($18,094) $90,587 -22% 23% $491,296 $400,709Step by Step Solution
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