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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text: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
7.056
Net sales
Cost of sales
6,806 $
4.104
4,477
2,702
2.579
Gross margin
Expenses:
Selling. general and administrative
1,860
1,798
Product development
190
180
113
138
Interest expense
Other (income), net
Total expenses
(157)
(84)
2.006
2,032
Income before income taxes
696
547
Provision for income taxes
279
224
Net income
417
323
0.03
6,624,184
Net income per common share
0.05 $
6,673,673
Weighted average number of common shares and equivalents
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