m_con%3Dcon&external_browser%3D0&launchUrl=https%253A%252F%252Fblackboard.waketech.edu%252FwebappsConsolidated Statements of Operation(Unaudited) (In thousands of dollars, except share data)Second Quarter20202019Percent of netNet sales6,691 $6,944Cost of sales4,0884,461Gross margin2,6032,483Expenses:Selling, general and administrative1,8441,782Product development174164Interest expense97122Other (income), net(173)(100)Total expenses1,9421,968Income before income taxes661515Provision for income taxes264208Net income397307Net income per common share*0.050.03Weighted average number of common shares and equivalents6,673,6736,624,184*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%253From 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 thenearest hundredth percent.)FRENCH INSTRUMENT CORPORATION AND SUBSIDIARIESConsolidated Statements of Operation(Unaudited) (In thousands of dollars, except share data)Second Quarter20202019Percent of netNet sales6,6912$6,944Cost of sales4,0884,461Gross margin2,6032,483Expenses:Selling, general and administrative1,8441,782Product development174164Interest expense97122Other (income), net(173)(100)Total expenses1,9421,968661515Income before income taxes264208Provision for income taxes%24397307Net income%240.052$0.03Net income per common share*6,673,6736,624,184Weighted average number of common shares and equivalentsacerΣ%24%24%24

VERTICAL ANALYSIS : it is the analysis of each line item in the financial statement with the base…

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

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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Question

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

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Return on total assets ratio: net income/ avg. total assets 21,331/(321,195+225,248)/2= 0.07807= 7.8% (Amazon 2020 year) 6.0% (Amazon 2019 year) 6.37% (Walmart 2020 year) Write financial analysis report.
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Forecast an Income Statement Following is the income statement for Medtronic PLC. Consolidated Statement of Income ($ millions) For Fiscal Year Ended April 26, 2019 Net sales $27,807 Costs and expenses Cost of products sold 8,331 Research and development expense 2,330 Selling, general, and administrative expense 9,480 Amortization of intangible assets 1,605 Restructuring charges, net 198 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 5,439 Other nonoperating income, net (373) Interest expense 1,314 Income before income taxes 4,498 Income tax provision 547 Net income 3,951 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $3,932 Use the following assumptions to prepare a forecast of the company’s income statement for FY2020. Note: Complete the entire question in Excel using the following template: Excel Template. Format each answer to two decimal…
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