From the French Instrument Corporation second-quarter report ended 2018, do a vertical analysis for the second quarter of 2018. (Input all answers as positive values except other (income) which should be indicated by a minus sign. Round your answers to the nearest hundredth percent.) FRENCH INSTRUMENT CORPORATION AND SUBSIDIARIES Consolidated Statements of Operation (Unaudited) (In thousands of dollars, except share data) Second Quarter 2018 2017 Percent of net Net sales $6,644 $6,888 Cost of sales 4,080 4,453 Gross margin 2,564 2,435 Expenses: Selling, general and administrative 1,836 1,774 Product development 166 156 Interest expense 89 114 Other (income), net (181) (108) Total expenses 1,910 1,936 Income before income taxes 654 499 Provision for income taxes 256 200 Net income $398 $299 Net income per common share* $0.05 $0.03 Weighted average number of common shares and equivalents 6,673,673 6,624,1
From the French Instrument Corporation second-quarter report ended 2018, do a vertical analysis for the second quarter of 2018. (Input all answers as positive values except other (income) which should be indicated by a minus sign. Round your answers to the nearest hundredth percent.) FRENCH INSTRUMENT CORPORATION AND SUBSIDIARIES Consolidated Statements of Operation (Unaudited) (In thousands of dollars, except share data) Second Quarter 2018 2017 Percent of net Net sales $6,644 $6,888 Cost of sales 4,080 4,453 Gross margin 2,564 2,435 Expenses: Selling, general and administrative 1,836 1,774 Product development 166 156 Interest expense 89 114 Other (income), net (181) (108) Total expenses 1,910 1,936 Income before income taxes 654 499 Provision for income taxes 256 200 Net income $398 $299 Net income per common share* $0.05 $0.03 Weighted average number of common shares and equivalents 6,673,673 6,624,1
Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 1PA
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From the French Instrument Corporation second-quarter report ended 2018, do a vertical analysis for the second quarter of 2018. (Input all answers as positive values except other (income) which should be indicated by a minus sign. Round your answers to the nearest hundredth percent.)
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