Compute the component percentages for Trixy Magics income statement below. Discuss any trends you observe. Net sales
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Compute the component percentages for Trixy Magic’s income statement below. Discuss any trends you observe.
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Net sales Cost of sales Gross margin Expenses: Selling, general, and administrative Depreciation Interest-net Total expenses Pre-tax earnings Income tax provision Net earnings TRIXY MAGIC, INC. Consolidated Statements of Earnings (in millions) Fiscal 2021 % Sales $56,223 36,665 19,558 13,281 1,485 516 15,282 4,276 1,578 $ 2,698 100.00% Fiscal 2020 $53,417 34,941 18,476 12,865 1,462 476 14,803 3,673 1,387 $ 2,286 % Sales 100.00% Fiscal 2019 $50,521 33,194 17,327 12,244 1,523 423 14,190 3,137 1,178 $ 1,959 % Sales 100.00%
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Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
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