domino pizza Horizontal Analysis

The first step will be horizontal analysis. Take your companys income statement (which also might be called the statement of operations) and perform a horizontal analysis on it. Use Microsoft Excel or Google Sheets and set up the following columns:

Most Recent Year

Prior Year

$ Difference

% Difference

Then, input the most recent year results as well as the prior year results, and calculate the $ and % differences. Use the examples from class as a guide.

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?

Please help me answer the last part of the summary.

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 $400,709