Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute the component percentages for Trixy Magic's Income statement below. (Enter your answers as a percentage ounded to 2 decimal place (I.e. 0.1234 should be

image text in transcribed
Compute the component percentages for Trixy Magic's Income statement below. (Enter your answers as a percentage ounded 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 $ 48,249 100.00 % $ 48,296 100,00 % 31.730 31,557 16,519 100.00 16,739 100.00 Fiscal 2016 % Sales Net sales $ 100,00 % 46,946 30,734 16,212 100.00 Cost of sales Gross margin Expenses: Selling general, and administrativo Depreciation 9,753 1,163 154 11,081 1,540 292 12,913 3,606 1,323 2,283 Interest net Total expenses Pro-tax earnings Income tax provision Net earnings 0.00 10,525 1,383 195 12,103 4,636 1,712 2,924 0.00 0.00 100.00 100.00 100.00 11,070 5,142 1,912 3,230 $ 100.00 % $ 100.00 % $ 100,00 %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Management Accounting

Authors: Will Seal, Carsten Rohde, Ray Garrison, Eric Noreen

6th Edition

0077185536, 978-0077185534

More Books

Students also viewed these Accounting questions