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Please solve and answer with the CORRECT response HuBBin, Inc.s Income statement and other financia Intormaion tor the current yeer l presented below. Hussaln. Inc.
Please solve and answer with the CORRECT response
HuBBin, Inc.s Income statement and other financia Intormaion tor the current yeer l presented below. Hussaln. Inc. Income Statement Fur lhe year ended Decenber 31 $229,131 8.380 Saes revenue Crat af grods sold Grnss araft Seling, general & administBtive expanses 14885 150,771 Operatna income Interes expense 135 886 1.917 130.939 4,014 $12,125 Balanoe eheet ntomston: Current geeels Nuicurrent assels Curreent lailti $257,000 514.000 64 00 128 00 Lang-sarm deht Lising the abavr infrrmaticn: a. Perfomi vertical ansysis of the ircoine slalemen. (Round your answer to the nearest whole percent HUSSAIN,I Income Statement For the ycar ended December 31 Amount Percent(%) B 360 1510,771 14.885 135 HH6 494 130.939 4.814 Cost af gcods soid Gross pratt Selirg, ganeral, ane acministrative axpenses Oparairg Income Intereet expense Income batore tee Income tax expens8 Net ncome $128,125 b. Calculate the dabt-to-assets ratio. (Round your anewer to 2 decimal places.) to Aeeec8 Ratio c. Calculate lhe times interest earred rato. (Round your answer to 2 decimal places.)Step by Step Solution
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