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

College Accounting (Book Only): A Career Approach

12th Edition

ISBN:9781305084087

Author:Cathy J. Scott

Publisher:Cathy J. Scott

Chapter12: Financial Statements, Closing Entries, And Reversing Entries

Section: Chapter Questions

Problem 3E

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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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