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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 $ 56,223 100.00 % $ 53,417 100.00% $ 50,521 100.00 % Cost of sales 36,665 65.21 34,941 33,194 17,327 19,558 34.79 18,476 100.00 100.00 Gross margin Expenses: Selling, general, and administrative Depreciation 13,281 2.64 12,865 12,244 1,485 1,462 1,523 Interest-net 516 476 423 Total expenses 15,282 2.64 14,803 0.00 14,190 0.00 4,276 32.15 3,673 100.00 3,137 100.00 Pre-tax earnings Income tax provision Net earnings 1,578 1,387 1,178 $ 2,698 32.15 $ 2,286 100.00 $ 1,959 100.00
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