1. Refer to the Annual Report and the summaries created for Worksheet E. *

1. Refer to the Annual Report and the summaries created for Worksheet E. Create a chart summarizing the following factors for the pastthree years. Answer the following questions:

Comparing revenues, profits, and expenses, list the factors driving year-over-year changes (e.g., increase in sales, decline in sales, disproportionate rise/reduction in facilities costs, disproportionate increase/reduction in cost of goods sold, one-time charges or events).

Have operating expenses been managed in proportion to growth or declines in revenue over the past five years?

https://snhu-media.snhu.edu/files/course_repository/graduate/ol/ol501/ol501_jcpenney_annual_report.pdf