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Compute the component percentages for Trixy Magic's income statement below. Note: Enter your answers as a percentage rounded to 2 decimal place (i.e. 0.1234
Compute the component percentages for Trixy Magic's income statement below. Note: 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, INCORPORATED Consolidated Statements of Earnings (in millions) Net sales Cost of sales Gross margin Fiscal 2021 % Sales Fiscal 2020 % Sales Fiscal 2019 % Sales $ 48,242 100.00 % $ 48,284 100.00 % $ 46,941 100.00 % 31,748 31,559 30,735 16,494 100.00 16,725 100.00 16,206 100.00 Expenses: Selling, general, and administrative 11.093 10.518 9,758 Depreciation 1.544 1.379 1,166 Interest-net 289 211 170 Total expenses 12,926 0.00 12.108 0.00 11.094 0.00 Pre-tax earnings 3,568 100.00 4,617 100.00 5.112 100.00 Income tax provision 1,328 1,713 1,903 Net earnings $ 2.240 100.00 % $ 2,904 100.00 % $ 3,209 100.00 %
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