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Please Help Thanks Saved Husain, Inc.'s income statement and other financial information for the current year is presented below. Hussain, Inc. Income Statement For the
Please Help Thanks
Saved 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 Gross profit Selling, general and administrative expenses Operating income Interest expense Income before taxes Income tax expense Net income $174,131 67, 360 106,771 12,135 94,636 3, 297 91,339 3,714 $ 87,625 Balance sheet information: Current assets Noncurrent assets Current liabilities Long-term debt $251,500 503,000 53,000 106,000 Required: a. Perform vertical analysis of the income statement b. Calculate the debt-to-assets ratio. c. Calculate the times interest earned ratio. Complete this question by entering your answers in the tabs below. Required A Required B Required Long-term dept 106, UUU Required: a. Perform vertical analysis of the income statement. b. Calculate the debt-to-assets ratio. c. Calculate the times interest earned ratio. Complete this question by entering your answers in the tabs below. Required A Required B Required Perform vertical analysis of the income statement. (Round your answers t HUSSAIN, INC. Income Statement Percent (%) For the year ended December 31 Amount Sales revenue $ 174,131 Cost of goods sold 67,360 Gross profit 106,771 Selling, general, and administrative expenses 12,135 Operating income 94,636 Interest expense 3,297 Income before taxes 91,339 Income tax expense 3,714 Net income $ 87,625 Income tax expense Net income 46:07 91,339 3,714 $ 87,625 Balance sheet information: Current assets Noncurrent assets Current liabilities Long-term debt $ 251,500 503,000 53,000 106,000 Required: a. Perform vertical analysis of the income statement. b. Calculate the debt-to-assets ratio. c. Calculate the times interest earned ratio. Complete this question by entering your answers in the tabs below. Required A Required B Required C Calculate the debt-to-assets ratio. (Round your answer to 2 decimal places.) Debt-to-assets Ratio Demired. A Required Balance sheet information Current assets Noncurrent assets Current liabilities Long-term debt $ 251,500 503,000 53,000 106,000 Required: a. Perform vertical analysis of the income statement. b. Calculate the debt-to-assets ratio. c. Calculate the times interest earned ratio. Complete this question by entering your answers in the tabs below. Required A Required B Required Calculate the times interest earned ratio. (Round your answer to 2 decimal places.) Interest Earned Ratio (Required B Required Step by Step Solution
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