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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 $ 249,131
Cost of goods sold 82,360

Gross profit 166,771
Selling, general & administrative expenses 15,885

Operating income 150,886
Interest expense 5,547

Income before taxes 145,339
Income tax expense 5,214

Net income $ 140,125

Balance sheet information:
Current assets $ 259,000
Noncurrent assets 518,000
Current liabilities 68,000
Long-term debt 136,000

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Using the above information a. Perform vertical analysis of the income statement. (Round your answer to the nearest whole percent.) HUSSAIN, INC Income Statement For the year ended December 31 Amount S 249,131 82,360 166,771 15,885 150,886 5,547 145,339 5,214 $ 140,125 Percent (%) 100 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 b. Calculate the debt-to-assets ratio. (Round your answer to 2 decimal places.)

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