E13-5 (Algo) Calculating Component Percentages LO 13-3 Compute the component percentages for Trixy Magic's income statement below. Note: 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, INCORPORATED Consolidated Statements of Earnings (in millions) Net sales Cost of sales Gross margin Fiscal 2021 % Sales Fiscal 2020 % Sales Fiscal 2019 % Sales $ 48,240 100.00 % $ 48,293 100.00 % $ 46,939 100.00 % 31,747 31,571 30,744 16,493 100.00 16,722 100.00 16,195 100.00 Expenses: Selling, general, and administrative 11,085 10,524 9,755 Depreciation 1,546 1,380 1,172 Interest-net 296 206 161 Total expenses 12,927 0.00 12,110 0.00 11,088 0.00 Pre-tax earnings 3,566 100.00 4,612 100.00 5,107 100.00 Income tax provision 1,313 1,716 1,898 Net earnings $ 2,253 100.00 % $ 2,896 100.00 % $ 3,209 100.00 %