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TJX Companies Inc. Common Size Income Statement 12 Months Ended-in thousands $ Percentages Jan. 30, 2021 Feb. 01, 2020 Feb. 02, 2019 Jan. 30, 2021

TJX Companies Inc. Common Size Income Statement 12 Months Ended-in thousands $ Percentages
Jan. 30, 2021 Feb. 01, 2020 Feb. 02, 2019 Jan. 30, 2021 Feb. 01, 2020 Feb. 02, 2019
Net sales $ 32,136,962 $ 41,716,977 $ 38,972,934
Cost of sales, including buying and occupancy costs 24,533,815 29,845,780 27,831,177
Gross Profit 7,603,147 11,871,197 11,141,757
Selling, general and administrative expenses 7,020,917 7,454,988 6,923,564
Operating Income 582,230 4,416,209 4,218,193
Loss on early extinguishment of debt 312,233 0 0
Interest expense, net 180,734 10,026 8,860
Pension settlement charge 0 0 36,122
Income before income taxes 89,263 4,406,183 4,173,211
Benefit (provision) for income taxes 1,207 (1,133,990) (1,113,413)
Net income $ 90,470 $ 3,272,193 $ 3,059,798

Need the percentages answered along with the following questions below

a. Review the vertical analyses and provide two major differences over the three years and discuss patterns that emerge? You should be focusing on specific accounts and not subtotals or totals.

b. What are the company's two largest major expenses for the current year?

c. Discuss the fluctuations in interest expense and income taxes. What are the causes of these changes? you need to provide specific causes for the applicable company that relates specifically to the interest expense and income taxes.

d. Was the company more or less profitable when compared to the prior year? Using the specific income statement ratios or amounts, explain what caused the change in income from the year prior.

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