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. 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 $ 48,246 31,747 16,499 S 11,090 1,547 286 12,923 3,576 1,329 2,247 100.00 % 100.00 0.00 100.00 100.00 % Fiscal 2020 $ $ 48,302 31,563 16,739 10,533 1,377 207 12,117 4,022 1,703 2,010 % Sales 100.00 % 100.00 0.00 100.00 100.00 % Fiscal 2019 $ $ 46,944 30,746 16,198 9,742 1,171 154 11,067 5,131 1,902 3,229 % Sales 100.00 % 100.00 0.00 100.00 100.00 %

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Oo.76.

Subject :- Account 

I
rint
rences
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.
Net sales
Cost of sales
Gross margin
Expenses
Selling, general, and administrative
Depreciation
Interest-net i
Total expenses
Pre-tax earnings
Income tax provision
Net earnings
TRIXY MAGIC, INCORPORATED
Consolidated Statements of Earnings
(in millions)
% Sales
Fiscal 2021
$ 48,246
31,747
16,499
$
11,090
1,547
286
12,923
3,576
1,329
2,247
100.00 %
100.00
0.00
100.00
100.00 %
Fiscal 2020
$ 48,302
31,563
16,739
$
10,533
1,377
207
12,117
4,622
1,703
2,919
% Sales
100.00 %
100.00
0.00
100.00
100.00 %
Fiscal 2019
46,944
$
30,746
16,198
$
9,742
1,171
154
11,067
5,131
1,902
3,229
% Sales
100.00 %
100.00
0.00
100.00
100.00 %
Transcribed Image Text:I rint rences 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. Net sales Cost of sales Gross margin Expenses Selling, general, and administrative Depreciation Interest-net i Total expenses Pre-tax earnings Income tax provision Net earnings TRIXY MAGIC, INCORPORATED Consolidated Statements of Earnings (in millions) % Sales Fiscal 2021 $ 48,246 31,747 16,499 $ 11,090 1,547 286 12,923 3,576 1,329 2,247 100.00 % 100.00 0.00 100.00 100.00 % Fiscal 2020 $ 48,302 31,563 16,739 $ 10,533 1,377 207 12,117 4,622 1,703 2,919 % Sales 100.00 % 100.00 0.00 100.00 100.00 % Fiscal 2019 46,944 $ 30,746 16,198 $ 9,742 1,171 154 11,067 5,131 1,902 3,229 % Sales 100.00 % 100.00 0.00 100.00 100.00 %
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