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 $ 48,231 31,733 16,498 $ 11,081 1,556 284 12,921 3,577 1,317 2,260 100.00 % Fiscal 2020 48,293 31,564 $ 16,729 % $ 0,528 1,385 201 12,114 4,615 1,705 2,910 % Sales 100.00 % Fiscal 2019 $ 46,945 30,744 16,201 % $ 9,753 1,178 160 11,091 5,110 1,896 3,214 % Sales 100.00 % 20
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 $ 48,231 31,733 16,498 $ 11,081 1,556 284 12,921 3,577 1,317 2,260 100.00 % Fiscal 2020 48,293 31,564 $ 16,729 % $ 0,528 1,385 201 12,114 4,615 1,705 2,910 % Sales 100.00 % Fiscal 2019 $ 46,945 30,744 16,201 % $ 9,753 1,178 160 11,091 5,110 1,896 3,214 % Sales 100.00 % 20
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 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 eamings
TRIXY MAGIC, INCORPORATED
Consolidated Statements of Earnings
(in millions)
% Sales
Fiscal 2021
$
48,231
31,733
16,498
$
11,081
1,556
284
12,921
3,577
1,317
2,260
100.00 %
Fiscal 2020
48,293
31,564
$
16,729
% $
10,528
1,385
201
12,114
4,615
1,705
2,910
% Sales
100.00 %
Fiscal 2019
$ 46,945
30,744
16,201
$
9,753
1,178
160
11,091
5,110
1,896
3,214
% Sales
100.00 %
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