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. TRIXY MAGIC, INCORPORATED Consolidated Statements of Earnings (in millions) Net sales Cost of sales Gross margin Fiscal 2021 % Sales Fiscal 2020 % Sales Fiscal 2019 % Sales $ 48,244 100.00 % $ 48,291 100.00 % $ 46,944 100.00% 31,730 31,569 30,746 16,514 100.00 16,722 100.00 16,198 100.00 Expenses: Selling, general, and administrative 11,084 10,524 9,744 Depreciation 1,541 1,369 1,176 Interest-net 287 209 166 Total expenses 12,912 0.00 12,102 0.00 11,086 0.00 Pre-tax earnings 3,602 100.00 4,620 100.00 5,112 100.00 Income tax provision 1,322 1,705 1,902 Net earnings $ 2,280 100.00 % $ 2,915 100.00 % $ 3,210 100.00 %

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. TRIXY MAGIC, INCORPORATED Consolidated Statements of Earnings (in millions) Net sales Cost of sales Gross margin Fiscal 2021 % Sales Fiscal 2020 % Sales Fiscal 2019 % Sales $ 48,244 100.00 % $ 48,291 100.00 % $ 46,944 100.00% 31,730 31,569 30,746 16,514 100.00 16,722 100.00 16,198 100.00 Expenses: Selling, general, and administrative 11,084 10,524 9,744 Depreciation 1,541 1,369 1,176 Interest-net 287 209 166 Total expenses 12,912 0.00 12,102 0.00 11,086 0.00 Pre-tax earnings 3,602 100.00 4,620 100.00 5,112 100.00 Income tax provision 1,322 1,705 1,902 Net earnings $ 2,280 100.00 % $ 2,915 100.00 % $ 3,210 100.00 %

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 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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Juroe Company provided the following income statement for last year: Juroes balance sheet as of December 31 last year showed total liabilities of 10,250,000, total equity of 6,150,000, and total assets of 16,400,000. Required: 1. Calculate the return on sales. (Note: Round the percent to two decimal places.) 2. CONCEPTUAL CONNECTION Briefly explain the meaning of the return on sales ratio, and comment on whether Juroes return on sales ratio appears appropriate.
Zoobilee Inc. reported the following sales and net income amounts: (in thousands) 2020 2019 2018 2017 9,180 $ 8,990 $ 8,770 $ 8,550 Net income 520 500 460 400 Show Zoobilee's trend percentages for sales and net income. Use 2017 as the base year. Sales.... $ (Round your answers to the nearest percent.) Sales.. Net income.. 2020 % % 2019 % % 2018 % % 2017 100 % 100 %
Compute the component percentages for Trixy Magic's income statement below. (Enter your answers as a percentage rounded to 2 decimal place (l.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 48,232 100.00 % $. 48,290 100.00 % 46,938 100.00 % Cost of sales 31,748 34.17 31,567 34.63 30,741 34.51 Gross margin 16,484 65.83 16,723 65.37 16,197 65.49 Expenses: Selling, general, and administrative 11,087 10,525 9,750 Depreciation 1,559 1,368 1,173 Interest-net 284 195 159 12,930 0.00 12,088 2.83 11,082 0.00 Total expenses Pre-tax earnings 3,554 65.83 4,635 62.54 5,115 65.49 1,324 1,710 1,899 Income tax provision S. 2,230 65.83 % 2,925 62.54 % 3,216 65.49 % Net earnings Prev 1 of 3 Next %24 %24 %24 %24
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Below are Samarahan Jaya Berhad’s income statement, statement of retained earnings and balance sheet for 2019 and 2020. Samarahan Jaya Berhad Comparative Income Statement For the Years Ended December 31, 2019 and 2020 2020 (RM) 2019 (RM) Sales 5,125,000 3,257.600 Sales returns and allowances 125,000 57,600 Net sales 5,000,000 3,200,000 Cost of goods sold 3,400,000 2,080,000 Gross Profit 1,600,000 1,120,00 Selling expenses 650,000 464,000 Administrative expenses 325,000 224,000 Total operating expenses 975,000 688,000 Income from operations 625,000 432,000 Other income 25,000 19,200 650,000 451,200 Interest expense 105,000 64,000 Income before tax 545,000 387,200 Income tax expense 300,000 176,000 Net income 245,000 211,200 Samarahan Jaya Berhad Comparative Retained Earnings Statement For the Years Ended December 31, 2019 and 2020…
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The following are the financial statement JNC Ltd. for the year ended 31 March 2020: JNC Ltd. Income statement For the year ended 31 March 2020 $”M” Revenue 1276.50 Cost of sales (907.00) 369.50 Distribution costs (62.50) Administrative expenses (132.00) 175.00 Interest received 12.50 Interest paid (37.50) 150.00 Tax (70.00) Profit after tax 80.00 JNC Ltd. Statement of financial position as at 31 March 2020 2019 $”M” $”M” ASSETS: Non- current assets: Property, plant and equipment 190 152.5 Intangible assets 125 100 Investments 12.5 Current assets: Inventories 75 51 Receivables 195 157.5 Short-term investment 25 Cash in hand 1 0.5 Total assets 611 474 Equity and liabilities: Equity: Share capital (10 million ordinary shares of $ 10 per value) 100 75 Share premium 80 75 Revolution reserve 50 45.5 Retained earnings 130 90 Non-current liabilities: Loan 85 25…
GIVE THE COMPARATIVE INCOME STATEMENT HORIZONTAL AND VERTICAL ANALYSIS FROM THE FOLLOWING INCOME STATEMENT BELOW JOLLIBEE INCOME STATEMENT ITEM 2016 2017 2018 2019 2020 Sales/Revenue 113.81B 133.61B 161.17B 179.63B 129.31B Sales Growth - 17.40% 20.62% 11.45% -28.01% Cost of Goods Sold (COGS) incl. D&A - - 132.96B 150.88B 115.39B COGS Growth - - - 13.47% -23.52% COGS excluding D&A 89.27B 105.39B 121.08B 137.38B 100.82B Depreciation & Amortization Expense 4B 4.75B 11.89B 13.5B 14.57B Depreciation 3.93B 4.66B 11.73B 13.34B 14.32B Amortization of Intangibles 68.99M 78.95M 151.82M 145.42M 245.23M Gross Income 20.54B 23.48B 28.21B 28.75B 13.92B Gross Income Growth - 14.30% 20.12% 1.93% -51.57% Gross Profit Margin - - - - 10.77% SG&A Expense - - 17.64B 20.21B 20.42B SGA Growth - - -…