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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 $ 279,131
Cost of goods sold 88,360

Gross profit 190,771
Selling, general & administrative expenses 17,385

Operating income 173,386
Interest expense 6,447

Income before taxes 166,939
Income tax expense 5,814

Net income $ 161,125

Balance sheet information:
Current assets $ 262,000
Noncurrent assets 524,000
Current liabilities 74,000
Long-term debt 148,000

Using the above information:

a. Perform vertical analysis of the income statement. (Round your answer to the nearest whole percent.)

b. Calculate the debt-to-assets ratio. (Round your answer to 2 decimal places.)

c. Calculate the times interest earned ratio. (Round your answer to 2 decimal places.)

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