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ed k ces Compute the component percentages for Trixy Magic's income statement below. (Enter your answers as a percentage rounded to 2 decimal place
ed k ces 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 $ 56,223 100.00% $ 53,417 100.00 % $ 50,521 100.00 % 36,665 34,941 33,194 19,558 100.00 18,476 100.00 17,327 100.00 Expenses: Selling, general, and administrative 13,281 12,865 12,244 Depreciation 1,485 1,462 1,523 Interest-net 516 476 423 Total expenses 15,282 0.00 14,803 0.00 14,190 0.00 Pre-tax earnings 4,276 100.00 3,673 100.00 3,137 100.00 Income tax provision 1,578 1,387 1,178 Net earnings $ 2,698 100.00 $ 2,286 100.00 $ 1,959 100.00
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