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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