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 $6,698 $6,951 Cost of sales 4,089 4,462 Gross margin 2,609 2,489 Expenses: Selling, general and administrative 1,845 1,783 Product development 175 165 Interest expense 98 123 Other (income), net (172) (99) Total expenses 1,946 1,972 Income before income taxes 663 517 Provision for income taxes 265 209 Net income $398 $308 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.

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 $6,698 $6,951 Cost of sales 4,089 4,462 Gross margin 2,609 2,489 Expenses: Selling, general and administrative 1,845 1,783 Product development 175 165 Interest expense 98 123 Other (income), net (172) (99) Total expenses 1,946 1,972 Income before income taxes 663 517 Provision for income taxes 265 209 Net income $398 $308 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.

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 54CE

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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
Estimating Share Value Using the ROPI Model Following are forecasts of sales, net operating profit after tax (NOPAT), and net operating assets (NOA) as of December 31, 2018, for Humana. Terminal Note: Complete the entire question in Excel and format each answer to two decimal places. Then enter the answers into the provided spaces below with two decimal place Reported Horizon period $ millions 2018 2019 2020 2021 2022 Period Sales $56,880 $57,734 $58,600 $59,480 $60,372 2,492 2,542 2,580 2.619 2,658 4,000 4,065 4,126 4,189 4,252 NOPAT NOA $60,976 2,684 4,295 Answer the following requirements with the following assumptions: Assumptions Terminal period growth rate Discount rate (WACC) 19 7.8% Common shares outstanding 135.6 million Net nonoperating obligations (NNO) S(6,161) million NNO is negative because Humana's nonoperating assets exceed its nonoperating liabilities. (a) Estimate the value of a share of common stock using the residual operating income (ROPI) model as of December 31,…
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.) Net sales Cost of sales Gross margin FRENCH INSTRUMENT CORPORATION AND SUBSIDIARIES Consolidated Statements of Operation (Unaudited) (In thousands of dollars, except share data) Second Quarter Expenses: Selling, general and administrative Product development Interest expense Other (income), net Total expenses Income before income taxes. Provision for income taxes Net Income Net income per common share Weighted average number of common shares and equivalents $ $ $ 2020 6,698 $ 4,089 2,609 1,845 175 98 (172) 1,946 663 266 398 $ 0.05 $ 6,673,673 2019 6,951 4,462 2,489 1,783 165 123 (99) 1,972 517 209 308 0.03 6,624,184 Percent of net
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Operating data for Joshua Corporation are presented below. 2020 2019 Sales revenue $ 755,000 $ 604,000 Cost of goods sold 464,325 386,560 Selling expenses 118,535 75,500 Administrative expenses 58,135 54,360 Income tax expense 37,750 24,764 Net income 76,255 62,816 Prepare a schedule showing a vertical analysis for 2020 and 2019. (Round answers to 1 decimal place, e.g. 48.5%.)
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