Question
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 $ 48,243 100.00 % $ 48,289 100.00 % $ 46,937 100.00 % 31,745 31,571 30,733 16,498 100.00 16,718 100.00 16,204 100.00 Expenses: Selling, general, and administrative 11,078 10,525 9,747 Depreciation 1,559 1,372 1,164 Interest-net 283 198 164 Total expenses 12,920 0.00 12,095 0.00 11,075 0.00 Pre-tax earnings 3,578 100.00 4,623 100.00 5,129 100.00 Income tax provision 1,319 1,704 1,908 Net earnings $ 2,259 100.00 % $ 2,919 100.00 % $ 3,221 100.00 %
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