E13-5 (Algo) Calculating Component Percentages LO 13-3 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 $ 48,238 31,748 16,490 $ 11,091 1,556 290 12,937 3,553 1,319 2,234 100.00 % 100.00 0.00 100.00 Fiscal 2020 $ 48,289 31,574 16,715 100.00 % $ 10,521 1,385 197 12,103 4,612 1,715 2,897 % Sales 100.00 % 100.00 0.00 100.00 100.00 % Fiscal 2019 $ 46,943 30,741 16,202 $ 9,756 1,177 155 11,088 5,114 1,895 3,219 % Sales 100.00 % 100.00 0.00 100.00 100.00 %
E13-5 (Algo) Calculating Component Percentages LO 13-3 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 $ 48,238 31,748 16,490 $ 11,091 1,556 290 12,937 3,553 1,319 2,234 100.00 % 100.00 0.00 100.00 Fiscal 2020 $ 48,289 31,574 16,715 100.00 % $ 10,521 1,385 197 12,103 4,612 1,715 2,897 % Sales 100.00 % 100.00 0.00 100.00 100.00 % Fiscal 2019 $ 46,943 30,741 16,202 $ 9,756 1,177 155 11,088 5,114 1,895 3,219 % Sales 100.00 % 100.00 0.00 100.00 100.00 %
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 1MCQ
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