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rd.waketech.ec Consolidated Statements of Operation (Unaudited) (In thousands of dollars, except share data) Second Quarter 2020 2019 Percent of net Net sales $ 6,691 $ 6,944 Cost of sales 4,088 4,461 Gross margin 2,603 2,483 Expenses: Selling, general and administrative Product development 1,844 1,782 174 164 Interest expense 97 122 Other (income), net (173) (100) Total expenses 1,942 1,968 Income before income taxes 661 515 Provision for income taxes 264 208 Net income $ 397 $ 307 Net income per common share* 24 0.05 $ 0.03 Weighted average number of common shares and equivalents 6,673,673 6,624,184

rd.waketech.ec Consolidated Statements of Operation (Unaudited) (In thousands of dollars, except share data) Second Quarter 2020 2019 Percent of net Net sales $ 6,691 $ 6,944 Cost of sales 4,088 4,461 Gross margin 2,603 2,483 Expenses: Selling, general and administrative Product development 1,844 1,782 174 164 Interest expense 97 122 Other (income), net (173) (100) Total expenses 1,942 1,968 Income before income taxes 661 515 Provision for income taxes 264 208 Net income $ 397 $ 307 Net income per common share* 24 0.05 $ 0.03 Weighted average number of common shares and equivalents 6,673,673 6,624,184

Quickbooks Online Accounting
Quickbooks Online Accounting
3rd Edition
ISBN:9780357391693
Author:Owen
Publisher:Owen
Chapter10: Financial Statements And Reports
Section: Chapter Questions
Problem 3.3C
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m_con%3Dcon&external_browser%3D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps Consolidated Statements of Operation (Unaudited) (In thousands of dollars, except share data) Second Quarter 2020 2019 Percent of net Net sales 6,691 $ 6,944 Cost of sales 4,088 4,461 Gross margin 2,603 2,483 Expenses: Selling, general and administrative 1,844 1,782 Product development 174 164 Interest expense 97 122 Other (income), net (173) (100) Total expenses 1,942 1,968 Income before income taxes 661 515 Provision for income taxes 264 208 Net income 397 307 Net income per common share* 0.05 0.03 Weighted average number of common shares and equivalents 6,673,673 6,624,184 *Income per common share reflects the deduction of the preferred stock dividend from net income. Σ %24 %24 %24 %24 %24
Transcribed Image Text:m_con%3Dcon&external_browser%3D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps Consolidated Statements of Operation (Unaudited) (In thousands of dollars, except share data) Second Quarter 2020 2019 Percent of net Net sales 6,691 $ 6,944 Cost of sales 4,088 4,461 Gross margin 2,603 2,483 Expenses: Selling, general and administrative 1,844 1,782 Product development 174 164 Interest expense 97 122 Other (income), net (173) (100) Total expenses 1,942 1,968 Income before income taxes 661 515 Provision for income taxes 264 208 Net income 397 307 Net income per common share* 0.05 0.03 Weighted average number of common shares and equivalents 6,673,673 6,624,184 *Income per common share reflects the deduction of the preferred stock dividend from net income. Σ %24 %24 %24 %24 %24
ezto.mheducation.com/ext/map/index.html?_con%3con&external_browser%=D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253 From the French Instrument Corporation second-quarter report ended 2020, do a vertical analysis for the second quarter of 2020. (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 2020 2019 Percent of net Net sales 6,691 2$ 6,944 Cost of sales 4,088 4,461 Gross margin 2,603 2,483 Expenses: Selling, general and administrative 1,844 1,782 Product development 174 164 Interest expense 97 122 Other (income), net (173) (100) Total expenses 1,942 1,968 661 515 Income before income taxes 264 208 Provision for income taxes %24 397 307 Net income %24 0.05 2$ 0.03 Net income per common share* 6,673,673 6,624,184 Weighted average number of common shares and equivalents acer Σ %24 %24 %24
Transcribed Image Text:ezto.mheducation.com/ext/map/index.html?_con%3con&external_browser%=D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252Fwebapps%252Fportal%252Fframeset.jsp%253 From the French Instrument Corporation second-quarter report ended 2020, do a vertical analysis for the second quarter of 2020. (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 2020 2019 Percent of net Net sales 6,691 2$ 6,944 Cost of sales 4,088 4,461 Gross margin 2,603 2,483 Expenses: Selling, general and administrative 1,844 1,782 Product development 174 164 Interest expense 97 122 Other (income), net (173) (100) Total expenses 1,942 1,968 661 515 Income before income taxes 264 208 Provision for income taxes %24 397 307 Net income %24 0.05 2$ 0.03 Net income per common share* 6,673,673 6,624,184 Weighted average number of common shares and equivalents acer Σ %24 %24 %24
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