FINANCIAL ACCOUNTING
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ISBN: 9781259964947
Author: Libby
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Transcribed Image Text:ht
Net sales
Cost of sales
Gross margin
FRENCH INSTRUMENT CORPORATION AND SUBSIDIARIES
Consolidated Statements of Operation
(Unaudited) (In thousands of dollars, except share data)
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
$
$
$
Second Quarter
2023
6,754 $
4,097
2,657
1,853
183
106
(164)
1,978
679
273
406 $
0.05
$
6,673,673
2022
7,007
4,470
2,537
1,791
173
131
(91)
2,004
533
217
316
0.03
6,624,184
Percent of net
Transcribed Image Text:Saved
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Sav
From the French Instrument Corporation second-quarter report ended 2023, do a vertical analysis for the second quarter of 2023.
Note: 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.
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