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

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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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