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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 $234,131 79,360 Gross profit Selling, general & administrative expenses 154,771 15,135 Operating income Interest expense 139,636 5,097 Income before taxes Income tax expense 134,539 4,914 Net income $129,625 Balance sheet information: Current assets Noncurrent assets Current liabilities Long-term debt $257,500 515,000 65,000 130,000
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