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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 $194,131 Cost of goods sold Gross profit Selling, general and administrative expenses Operating income Interest expense 71,360 122,771 13,135 109,636 3,897 Income before taxes 105,739 4,114 Income tax expense $101,625 Net income Balance sheet information: $253,500 Current assets Noncurrent assets 507,000 57,000 114,000 Current liabilities Long-term debt Required: a. Perform vertical analysis of the income statement b. Calculate the debt-to-assets ratio. c. Calculate the times interest earned ratio. Required B Required A 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 Percent (%) Amount 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 $194,131 71,360 122,771 13,135 109,636 3,897 105,739 4,114 $101,625 Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the debt-to-assets ratio. (Round your answer to 2 decimal places.) Debt-to-assets Ratio Required A Required C 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 Required B Required C
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