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Husain, Inc.'s Income statement and other financial Information for the current year is presented below. Hussain, Inc. Income Statement For the year ended December 31
Husain, Inc.'s Income statement and other financial Information for the current year is presented below. Hussain, Inc. Income Statement For the year ended December 31 Sales revenue Cost of goods sold Gross profit Selling, general and administrative expenses Operating income Interest expense Income before taxes Income tax expense Net income $264, 131 85, 360 178, 771 16.635 162, 136 5,997 156,139 5.514 $ 158.625 Balance sheet information: Current assets Noncurrent assets Current liabilities Long-term debt $ 269,500 521, eee 71.ee 142, eee Required: a. Perform vertical analysis of the income statement. b. Calculate the debt-to-assets ratio. c. Calculate the times Interest earned ratio. Complete this question by entering your answers in the tabs below. Required A Required B Required a Perform vertical analysis of the income statement. (Round your answers to the nearest whole percent.) HUSSAIN, INC. Income Statement For the year ended December 31 Amount Percent (%) Sales revenue $ 264,131 Cost of goods sold 85,360 Gross profit 178,7711 Selling general, and administrative expenses 16.635 Operating income 182,130 Interest expense 5.997 Income before taxes 156,139 Income tax expense 5,514 Net income $ 150,625
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