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Husain, Inc.'s income statement and other financial information for the current year is presented below. 4 Hussain, Inc. Income Statement For the year ended December
Husain, Inc.'s income statement and other financial information for the current year is presented below. 4 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 $199, 131 72,360 126,771 13,385 113,386 4,047 109,339 4,214 $105, 125 Balance sheet information: Current assets Noncurrent assets Current liabilities Long-term debt $254,000 508,000 58,000 116,000 Required: a. Perform vertical analysis of the income statement. b. Calculate the debt-to-assets ratio. c. Calculate the times interest earned ratio. Required A Required B Required c 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 $ 199, 131 72,360 Cost of goods sold Gross profit Selling, general, and administrative expenses Operating income 126,771 13,385 113,386 Interest expense 4,047 Income before taxes 109,339 Income tax expense 4,214 $ 105,125 Net income Required A Required B Required C Calculate the debt-to-assets ratio. (Round your answer to 2 decimal places.) Debt-to-assets Ratio Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the times interest earned ratio. (Round your answer to 2 decimal places.) Interest Earned Ratio
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