Compute the component percentages for Trixy Magic's Income statement below. (Enter your answers as a percentage rounded decimal place (.e. 0.1234 should be entered as 12.34). Enter all answers as positive values.) Net sales Cost of sales Gross margin Expenses Selling, general, and administrative Depreciation Interest-net Total expenses Pre-tax earnings income tax provision Net earnings TRIXY MAGIC, INC. Consolidated Statements of Earnings (in millions) Fiscal 2018 $ $ 48,236 31,732 16,504 11,093 1,547 294 12,934 3,570 1,328 2,242 % Sales 100.00 % Fiscal Years Ended on Fiscal 2017 S % $ 48,284 31,558 16,726 10,534 1,373 201 12,108 4,618 1,719 2,899 % Sales 100.00 % * Fiscal 2016 % Sales S 46,930 30.741 16,108 s 9,746 1,171 156 11.073 5,125 1.910 3.215 100.00 % # th
Compute the component percentages for Trixy Magic's Income statement below. (Enter your answers as a percentage rounded decimal place (.e. 0.1234 should be entered as 12.34). Enter all answers as positive values.) Net sales Cost of sales Gross margin Expenses Selling, general, and administrative Depreciation Interest-net Total expenses Pre-tax earnings income tax provision Net earnings TRIXY MAGIC, INC. Consolidated Statements of Earnings (in millions) Fiscal 2018 $ $ 48,236 31,732 16,504 11,093 1,547 294 12,934 3,570 1,328 2,242 % Sales 100.00 % Fiscal Years Ended on Fiscal 2017 S % $ 48,284 31,558 16,726 10,534 1,373 201 12,108 4,618 1,719 2,899 % Sales 100.00 % * Fiscal 2016 % Sales S 46,930 30.741 16,108 s 9,746 1,171 156 11.073 5,125 1.910 3.215 100.00 % # th
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![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.)
Net sales
Cost of sales
Gross margin
Expenses
Selling, general, and administrative
Depreciation
Interest-net
Total expenses
Pre-tax earnings
Income tax provision
Net earnings
TRIXY MAGIC, INC.
Consolidated Statements of Earnings
(in millions)
Fiscal 2018
$
$
48,236
31,732
16,504
11,093
1,547
294
12,934
3,570
1,328
2,242
% Sales
100.00 %
%
Fiscal Years Ended on
% Sales
Fiscal 2017
$
$
48,284
31,558
16,726
10,534
1,373
201
12,108
4,618
1,719
2,899
100.00 %
%
Fiscal 2016 % Sales
S
46,930
30.741
16,198
३
9,746
1,171
156
11,073
5,125
1,910
3.215
100.00 %](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8c9bd05f-6074-441f-9db3-22fefc0ae245%2F94ddaead-2c10-463f-8dd8-4cb7d749922d%2Fh1ez0oq_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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.)
Net sales
Cost of sales
Gross margin
Expenses
Selling, general, and administrative
Depreciation
Interest-net
Total expenses
Pre-tax earnings
Income tax provision
Net earnings
TRIXY MAGIC, INC.
Consolidated Statements of Earnings
(in millions)
Fiscal 2018
$
$
48,236
31,732
16,504
11,093
1,547
294
12,934
3,570
1,328
2,242
% Sales
100.00 %
%
Fiscal Years Ended on
% Sales
Fiscal 2017
$
$
48,284
31,558
16,726
10,534
1,373
201
12,108
4,618
1,719
2,899
100.00 %
%
Fiscal 2016 % Sales
S
46,930
30.741
16,198
३
9,746
1,171
156
11,073
5,125
1,910
3.215
100.00 %
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