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 os 12.34). Enter all ans 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, INCORPORATED Consolidated Statements of Earnings (in millions) % Sales Fiscal 2021 $ 48,238 31,737 16.501 11,080 1,548 290 12,918 3.583 1.325 2.258 100.00 % Fiscal 2020 $ 48.291 31.564 16,727 $ 10,528 1.369 197 12,094 4,633 1,711 2.922 % Sales 100.00 % Fiscal 2019 $ 46,937 30,732 16,205 9,755 1.171 165 11.091 5,114 1.912 3.202 % Sales 100 00 %
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 os 12.34). Enter all ans 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, INCORPORATED Consolidated Statements of Earnings (in millions) % Sales Fiscal 2021 $ 48,238 31,737 16.501 11,080 1,548 290 12,918 3.583 1.325 2.258 100.00 % Fiscal 2020 $ 48.291 31.564 16,727 $ 10,528 1.369 197 12,094 4,633 1,711 2.922 % Sales 100.00 % Fiscal 2019 $ 46,937 30,732 16,205 9,755 1.171 165 11.091 5,114 1.912 3.202 % Sales 100 00 %
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text: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 answ
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, INCORPORATED
Consolidated Statements of Earnings
(in millions)
% Sales
Fiscal 2021
$ 48,238
31,737
16,501
S
11,080
1,548
290
12.918
3,583
1,325
2.258
100.00 %
%
Fiscal 2020
$
48.291
31,564
16,727
$
10,528
1,369
197
12,094
4,633
1,711
2.922
% Sales
100.00 %
96
Fiscal 2019
$ 46,937
30,732
16,205
$
9,755
1.171
165
11,091
5,114
1,912
3,202
% Sales
100.00 %
%
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