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 Net sales $6,644 $6,888 Cost of sales 4,080 4,453 Gross margin 2,564 2,435 Expenses: Selling, general and administrative 1,836 1,774 Product development 166 156 Interest expense 89 114 Other (income), net (181) (108) Total expenses 1,910 1,936 Income before income taxes 654 499 Provision for income taxes 256 200 Net income $398 $299 Net income per common share* $0.05 $0.03 Weighted average number of common shares and equivalents 6,673,673 6,624,1

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 Net sales $6,644 $6,888 Cost of sales 4,080 4,453 Gross margin 2,564 2,435 Expenses: Selling, general and administrative 1,836 1,774 Product development 166 156 Interest expense 89 114 Other (income), net (181) (108) Total expenses 1,910 1,936 Income before income taxes 654 499 Provision for income taxes 256 200 Net income $398 $299 Net income per common share* $0.05 $0.03 Weighted average number of common shares and equivalents 6,673,673 6,624,1

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

See similar textbooks

Similar questions

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
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…
Zoobilee Inc. reported the following sales and net income amounts: (in thousands) 2020 2019 2018 2017 9,180 $ 8,990 $ 8,770 $ 8,550 Net income 520 500 460 400 Show Zoobilee's trend percentages for sales and net income. Use 2017 as the base year. Sales.... $ (Round your answers to the nearest percent.) Sales.. Net income.. 2020 % % 2019 % % 2018 % % 2017 100 % 100 %
What is the year-over-year revenue change percent? Use the attached financial data to calculate the ratios for 2022. Round to the nearest decimal. Abercrombie & Fitch Co (ANF) Financial Data Revenues Cost of Sales Total Operating Expenses Interest Expense Income Tax Expense Diluted Weighted Shares Outstanding Cash + Equivalents Accounts Receivable Inventories Total Current Assets Total Assets Accounts Payable Total Current Liabilities Total Stockholders' Equity ANF Stock Price = $10.30 Select one O A. 5.3% B. 14.4% C. -1.4% O D. -3.5% 2022 $3,659.3 $1,545.9 $2,026.9 $28.5 $37.8 52.8 $257.3 $108.5 $742.0 $1,220.4 $2,694.0 $322.1 $935.5 $656.1 2021 $3,712.8 $1,400.8 $1,968.9 $34.1 $38.9 62.6 $823.1 $69.1 $525.9 $1,507.8 $2,939.5 $374.8 $1,015.2 $826.1
Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. Medtronic PLC Consolidated Statement of Income $ millions, For Fiscal Year Ended April 26, 2019 Net sales $30,557 Costs and expenses Cost of products sold 9,155 Research and development expense 979 Selling, general, and administrative expense 10,418 Amortization of intangible assets 1,764 Restructuring charges, net 83 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 7,734 Other nonoperating income, net (157) Interest expense 1,444 Income before income taxes 6,447 Income tax provision 547 Net income 5,900 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $5,881…
Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. Medtronic PLC Consolidated Statement of Income $ millions, For Fiscal Year Ended April 26, 2019 Net sales $30,557 Costs and expenses Cost of products sold 9,155 Research and development expense 979 Selling, general, and administrative expense 10,418 Amortization of intangible assets 1,764 Restructuring charges, net 83 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 7,734 Other nonoperating income, net (157) Interest expense 1,444 Income before income taxes 6,447 Income tax provision 547 Net income 5,900 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $5,881…
Forecast Income Statement and Balance Sheet Following are the income statement and balance sheet for Medtronic PLC. Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. Medtronic PLC Consolidated Statement of Income $ millions, For Fiscal Year Ended April 26, 2019 Net sales $30,557 Costs and expenses Cost of products sold 9,155 Research and development expense 979 Selling, general, and administrative expense 10,418 Amortization of intangible assets 1,764 Restructuring charges, net 83 Certain litigation charges, net 166 Other operating expense, net 258 Operating profit 7,734 Other nonoperating income, net (157) Interest expense 1,444 Income before income taxes 6,447 Income tax provision 547 Net income 5,900 Net income loss attributable to noncontrolling interests (19) Net income attributable to Medtronic $5,881…
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,…
The Parry Company provided the following information regarding its operations: 2017 Total assets $5,200, өө 2018 Total assets $5,700,000 2017 Net operating income 2018 Net operating income 87,700 $4 92,700 Ask 2017 Net sales $2,625,000 2018 Net sales $3,200, өөө What is Parry's ROI for the year ending 2018? (Round your answer to 2 decimal places.) Multiple Cholce 3.01% 1.61% Mc Graw
The following information pertains to JCU Company. All dollar amounts are in thousands. If JCU is computing trend percentages with 2018 as the base year, what % will 2019 sales be? Sales Gross Margin Net operating income Net income Year 2020 $58,000 $17,500 $3,200 $1,750 2019 $51,000 $15,100 $2,850 $1,400 2018 $47,000 $13,800 $2,100 $1,100
Operating data for Riverbed Corp are presented below. 2022 2021 Sales revenue $850,500 $643,000 Cost of goods sold 529,000 409,600 Selling expenses 121,800 75,900 Administrative expenses 73,300 50,700 Income tax expense 33,000 23,500 Net income 93,400 83,300 Prepare a schedule showing a vertical analysis for 2022 and 2021. (Round percentages to 1 decimal place, e.g. 12.1%.) RIVERBED CORPCondensed Income Statementchoose the accouning period For the Years Ended December 31December 31For the Month Ended December 31 2022 2021 Amount Percent Amount Percent Sales $850,500 enter percentages % $643,000 enter percentages % Cost of goods sold 529,000 enter percentages % 409,600 enter percentages % Gross profit 321,500 enter percentages % 233,400 enter percentages % Selling…
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. 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 places. Reported Horizon period Terminal millions Sales NOPAT NOA 2018 2019 2020 2021 2022 $56,912 $57,766 $58,632 $59,512 $60,404 2,492 2,542 2,580 2,619 2,658 4,097 4,158 4,221 4,284 4,032 Answer the following requirements with the following assumptions: Assumptions Terminal period growth rate 1% Discount rate (WACC) 7.8% Common shares outstanding 135.6 million Net nonoperating obligations (NNO) $(6,129) million ($ millions) ROPI (NOPAT- [NOABeg x rw]) Present value of horizon ROPI Cum present value of horizon ROPI $ Present value of terminal ROPI NOA Total firm value Less NNO Firm equity value Shares outstanding (millions) Stock price per…