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
Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter15: Ratio Analysis (ratioa)
Section: Chapter Questions
Problem 4R: Prepare a ratio analysis for Global Technology for 2013. The following information is available for...
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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
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%24
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F1377b341-6e0c-4b3a-8bd4-490d76078d42%2F066b1f85-8187-42d4-8fb8-c81d1affe4b2%2Fykxy1c9_processed.jpeg&w=3840&q=75)
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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