Refer to Krispy Kreme’s financial statements in Appendix A to answer the following:
1. Using 2001 as the base year, compute trend percents for 2001, 2002, and 2003 for revenues, operating
expenses (cost of sales), general and administrative expenses, income taxes, and net income.
(Round to the nearest whole percent.)
2. Compute common-size percents for 2003 and 2002 for the following categories of assets: (a) total
current assets, (b) property and equipment, net, (c) intangible assets, and (d) accrued expenses.
(Round to the nearest tenth of a percent.)
3. Comment on any significant changes across the years for the income statement trends computed
in part 1 and the balance sheet percents computed in part 2.

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