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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 $269,131 86,360 Gross profit Selling, general & administrative expenses 182,771 16,885 Operating income Interest expense 165,886 6,147 Income before taxes Income tax expense 159,739 5,614 Net income $154,125 Balance sheet information: Current assets Noncurrent assets Current liabilities Long-term debt $261,000 522,000 72,000 144,000
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