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Compute the component percentages for Trixy Magics income statement below. (Enter your answers as a...

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Accounting

Compute the component percentages for Trixy Magics 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.)

TRIXY MAGIC, INC.
Consolidated Statements of Earnings
(in millions)
Fiscal Years Ended on
Fiscal 2018 % Sales Fiscal 2017 % Sales Fiscal 2016 % Sales
Net sales $48,237 100.00 % $48,285 100.00 % $46,931 100.00 %
Cost of sales 31,733 31,558 30,736
Gross margin 16,504 100.00 16,727 100.00 16,195 100.00
Expenses:
Selling, general, and administrative 11,085 10,522 9,745
Depreciation 1,553 1,379 1,177
Interestnet 299 204 162
Total expenses 12,937 0.00 12,105 0.00 11,084 0.00
Pre-tax earnings 3,567 100.00 4,622 100.00 5,111 100.00
Income tax provision 1,313 1,712 1,906
Net earnings $2,254 100.00 % $2,910 100.00 % $3,205 100.00 %

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