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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) Net sales Cost of sales Gross margin Fiscal Years Ended on Fiscal 2018 % Sales Fiscal 2017 % Sales Fiscal 2016 % Sales $ 48,241 100.00 % $ 48,303 100.00 % $ 46,930 100.00 % 31,737 31,571 30,737 16,504 100.00 16,732 100.00 16,193 100.00 Expenses: Selling, general, and administrative 11,086 10,520 9,754 Depreciation 1,545 1,383 1,171 Interest-net 281 195 161 Total expenses Pre-tax earnings Income tax provision Net earnings 12,912 0.00 12,098 0.00 11,086 0.00 3,592 100.00 4,634 100.00 5,107 100.00 1,320 1,710 1,902 A $ 2,272 100.00 % $ 2,924 100.00 % $ 3,205 100.00 %
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