Question

compute the component percentages for trixy

ct.mheducation.com/flow/connecthtml apter 13 Compute the component percentages for Troxy Magic's income statement below. (Enter your answers as a percentage rounde decimal place (i.e. 0.1234 should be entered as 12.34). Enter all answers as positive values.) TRIXY MG Consolidated Statement of Em ins Fiscal 2018 % Sales Sales F iscal 2016 % Sales 100001 10000 % $ 100.00 % 1 8300 31.574 16.726 46.936 30 744 Gross margin 16,692 Selling general and administrative 11 0921 10.523 1.379 1.5461 12-931 12.109 6517 1 3137 17031 $ 2914 < Prev 2 6 Next > Obte ao search

Answer 1

	2018	Percent of Sales	2017	Percent of Sales	2016	Percent of Sales
	(a)	[(a) / $48233] X 100	(b)	[(b) / $48300] X 100	(c)	[(c) / $46936] X 100
Sales	$          48,233	100.00%	$     48,300	100.00%	$      46,936	100.00%
Cost of goods sold	$          31,741	65.81%	$     31,574	65.37%	$      30,744	65.50%
Gross margin	$          16,492		$     16,726		$      16,192
Expenses
Selling, general and administrative	$          11,092	23.00%	$     10,523	21.79%	$        9,750	20.77%
Depreciation	$            1,546	3.21%	$       1,379	2.86%	$        1,171	2.49%
Interest	$                293	0.61%	$           207	0.43%	$            171	0.36%
Total expenses	$          12,931		$     12,109		$      11,092
Pre - tax earnings	$            3,561		$       4,617		$        5,100
Income tax expense	$            1,313	2.72%	$       1,703	3.53%	$        1,895	4.04%
Net Income	$            2,248		$       2,914		$        3,205

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