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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 $ 100.00 % $ 100.00 % $ 100.00 % 56,223 36,665 53,417 34,941 Cost of sales 50,521 33,194 17,327 Gross margin 19,558 100.00 18,476 100.00 100.00 Expenses: Selling, general, and administrative Depreciation 13.281 12,865 12,244 1,485 1,462 1,523 Interest-net 476 423 516 15.282 0.00 14,803 0.00 14.190 0.00 4.276 100.00 3,673 100.00 100.00 Total expenses Pre-tax earnings Income tax provision Net earnings 3,137 1,178 1,578 2,698 1,387 2,286 $ 100.00 $ 100.00 $ 1,959 100.00
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