From the French Instrument Corporation second-quarter report ended 2018, do a vertical analysis for the second qua (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 7.056 6.800 $ 4.104 Net sales Cost of sales Gross margin Expenses Seling. general and administrative Product development 4,477 2.702 2.579 1,790 180 138 1,860 190 Interest expense 113 Other (income), net Total expenses (157) (84) 2.032 547 2.006 Income before income taxes Provision for income taxes 279 224 323 Net income Net income per common share 417 S 0.05 $ %24 0.03 Weighted average number of common shares and equivalents 6,673.673 6.624,184

From the French Instrument Corporation second-quarter report ended 2018, do a vertical analysis for the second qua (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 7.056 6.800 $ 4.104 Net sales Cost of sales Gross margin Expenses Seling. general and administrative Product development 4,477 2.702 2.579 1,790 180 138 1,860 190 Interest expense 113 Other (income), net Total expenses (157) (84) 2.032 547 2.006 Income before income taxes Provision for income taxes 279 224 323 Net income Net income per common share 417 S 0.05 $ %24 0.03 Weighted average number of common shares and equivalents 6,673.673 6.624,184

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter12: Fainancial Statement Analysis

Section: Chapter Questions

Problem 83E

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