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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 $ 214,131
Cost of goods sold 75,360

Gross profit 138,771
Selling, general & administrative expenses 14,135

Operating income 124,636
Interest expense 4,497

Income before taxes 120,139
Income tax expense 4,514

Net income $ 115,625

Balance sheet information:
Current assets $ 255,500
Noncurrent assets 511,000
Current liabilities 61,000
Long-term debt 122,000

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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