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Compute the component percentages for Trixy Magic's income statement below. (Enter your answers as a percentage rounded to 2 decimal place (i.e. 0.1234 should be
Compute the component percentages for Trixy Magic's income statement below. (Enter your answers as a percentage rounded to 2 decimal place (i.e. 0.1234 should be entered as 12.34). Enter all answers as positive values.) TRIXY MAGIC, INC. Consolidated Statements of Earnings (in millions) Fiscal Years Ended on Fiscal 2018 % Sales Fiscal 2017 % Sales Fiscal 2016 % Sales Net sales $ 48,238 100.00 % $ 48,289 100.00 % $ 46,943 100.00 % Cost of sales 31,729 31,574 30,748 Gross margin 16,509 16,715 16,195 11,088 10,524 9,755 Expenses: Selling, general, and administrative Depreciation Interest-net 1,540 1,378 1,167 285 199 165 Total expenses 12,913 12,101 11,087 3,596 4,614 5,108 Pre-tax earnings Income tax provision Net earnings 1,328 1,704 1,898 $ 2,268 % $ 2,910 % $ 3,210 %
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