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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 (l.e. 0.1234 should
Compute the component percentages for Trixy Magic's income statement below. (Enter your answers as a percentage rounded to 2 decimal place (l.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 Cost of sales $ 48,234 100.00 % $ 48,293 100.00 % $ 46,937 100.00 % 31,748 31,566 30,742 Gross margin 16,486 16,727 16,195 Expenses: Selling, general, and administrative 11,094 10,527 9,743 Depreciation 1,552 1,381 1,170 Interest-net Total expenses 289 208 174 12,935 12,116 11,087 Pre-tax eamings 3,551 4,611 5,108 Income tax provision 1,319 1,717 1,902 Net earnings $ 2,232 % $ 2,894 % $ 3,206 %
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