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 and 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

Required:

1. Perform vertical analysis of the income statement.

2. Calculate the debt-to-assets ratio.

3. Calculate the times interest earned ratio.

Perform vertical analysis of the income statement. (Round your answers to the nearest whole percent.) HUSSAIN, INC. Income Statement For the year ended December 31 Amount Percent (%) Sales revenue $ 279,131 Cost of goods sold 88,360 Gross profit 190,771 Selling, general, and 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 Required A Required B Required C Calculate the debt-to-assets ratio. (Round your answer to 2 decimal places.) Debt-to-assets Ratio Required A Required B Required C Calculate the times interest earned ratio. (Round your answer to 2 decimal places.) Interest Earned Ratio