Compute the component percentages for Trixy Magics income statement below. Discuss any trends you observe. Net sales
Question:
Compute the component percentages for Trixy Magic’s income statement below. Discuss any trends you observe.
Transcribed Image Text:
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 2021 % Sales $56,223 36,665 19,558 13,281 1,485 516 15,282 4,276 1,578 $ 2,698 100.00% Fiscal 2020 $53,417 34,941 18,476 12,865 1,462 476 14,803 3,673 1,387 $ 2,286 % Sales 100.00% Fiscal 2019 $50,521 33,194 17,327 12,244 1,523 423 14,190 3,137 1,178 $ 1,959 % Sales 100.00%
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 77% (9 reviews)
Net sales Cost of Sales Gross margin Expenses Selling gene...View the full answer
Answered By
Pushpinder Singh
Currently, I am PhD scholar with Indian Statistical problem, working in applied statistics and real life data problems. I have done several projects in Statistics especially Time Series data analysis, Regression Techniques.
I am Master in Statistics from Indian Institute of Technology, Kanpur.
I have been teaching students for various University entrance exams and passing grades in Graduation and Post-Graduation.I have expertise in solving problems in Statistics for more than 2 years now.I am a subject expert in Statistics with Assignmentpedia.com.
4.40+
3+ Reviews
10+ Question Solved
Related Book For
Financial Accounting
ISBN: 9781264229734
11th Edition
Authors: Robert Libby, Patricia Libby, Frank Hodge
Question Posted:
Students also viewed these Business questions
-
Compute the component percentages for Lowe's income statement below. Discuss any trends you observe. LOWE'S COMPANIES, INC Consolidated Statements of Earnings (in millions, except per share and...
-
Compute trend percentages for net sales and net income for the following five-year period, using year 1 as the base year: Requirement Which grew faster during the period, net sales or net income? R....
-
Discuss any three major new global system trends that are influencing the waybusinesses interact with employees, customers, suppliers and business partners.How are these trends impacting customer...
-
Spencer Company sells lamps and other lighting fixtures. The purchasing department manager prepared the following inventory purchases budget. Spencers policy is to maintain an ending inventory...
-
Immox Company has conformity between its taxable income and income before taxes. If Immoxs taxes payable are $ 140,000 and its tax rate is 40%, what is its net income?
-
Consider an electron, of charge magnitude e =1.60210 -19 Cand mass m e =9.1110 -31 kg,moving in an electric field with an electric field magnitude E =810 2 N/C,similar to what Thana observed in the...
-
Explain the differences between marketing strategies and sales strategies.
-
The cash data of Big City Automotive for July 2014 follow: Big City Automotive received the following bank statement on July 31, 2014: Additional data for the bank reconciliation include the...
-
Write a Java program and demonstrate the followings: a) Shallow copy of an object b) Deep copy of an object c) Cloning of an object d) Deep cloning of an object. For each case, you have to write...
-
. Model the following business process for handling down payments: The process for handling down payments starts when a request for payment has been approved. It involves entering the down payment...
-
Use the data given in AP13-5 for Summer Corporation. Data from in AP13-5 The comparative financial statements for Summer Corporation are below: Required: 1. Compute component percentages for Year 2....
-
Compute the return on asset ratio for Year 2 given the following data: Total asset turnover ratio Net profit margin ratio Year 2 2.10 12.00% Year 1 1.90 10.00%
-
List and explain five rules of thumb for improving written communication. Plan before you write.
-
Chen Enterprises made the following entry on December 31, 2015. What entry would Hibernia Bank make regarding its outstanding loan to Chen Enterprises? Explain why this must be the case. Interest...
-
On October 10, 2015, Executor Co. entered into a contract with Belisle Inc. to transfer Executors specialty products (sales value of 10,000, cost of 6,500) on December 15, 2015. Belisle agrees to...
-
Go to the Web. Locate the decisions of your states highest appellate court. Find a recent decision in which the court discussed the definition of one of the crimes covered. If you cannot locate such...
-
Go to the Web. Locate your states criminal statutes online. Find the statute defining homicidal crimes. How does your state define the various gradations of homicide? Locate the online statutes for a...
-
Go to the Web. Locate your states statutes on line. Does your state have a generic statute defining attempt, solicitation, and conspiracy? If not, find a state that does have such a statute. Download...
-
The combustion of 3.795 mg of liquid B, which contains only C, H, and O, with excess oxygen gave 9.708 mg of CO2 and 3.969 mg of H2O. In a molar mass determination, 0.205 g of B vaporized at 1.00 atm...
-
Audrey purchases a riding lawnmower using a 2-year, no-interest deferred payment plan at Lawn Depot for x dollars. There was a down payment of d dollars and a monthly payment of m dollars. Express...
-
On January 1, 2012, the ledger of Fleming Company contained the following liability accounts. Accounts Payable ........$52,000 Sales Taxes Payable ........8,200 Unearned Service Revenue .....11,000...
-
Majestic Mountain Bikes markets mountain-bike tours to clients vacationing in various locations in the mountains of Colorado. In preparation for the upcoming summer biking season, Majestic entered...
-
The following section is taken from Lois Corp.s balance sheet at December 31, 2011. Current liabilities Interest payable .............$ 84,000 Long-term liabilities Bonds payable (7%, due January 1,...
-
Explain two (2) principles behind the need for a leader to be self-aware andunderstandtheirbehaviour, personalityandlearning style. Explain two (2) techniques involved in managing,organising and...
-
1: Discuss why it is important to study leadership ? Critically explain the relationship between trait and behavioural with examples 2: Explain what you mean by contingency approaches of leadership...
-
What are some Strategy Formulation/Strategic Alternatives for Netflix? Explain what some strategic alternatives and formulation strategies for Netflix In-house content? Marketing Ad Content? o...
Study smarter with the SolutionInn App