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Radio Heed, Incorporated's income statement and other financial information for the current year is presented below. Radio Heed, Incorporated Income Statement For the year
Radio Heed, Incorporated's income statement and other financial information for the current year is presented below. Radio Heed, Incorporated 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 $ 199,131 72,360 126,771 13,385 113,386 4,047 109,339 4,214 $ 105,125 Balance sheet information: Current assets Noncurrent assets Current liabilities Long-term debt Required: $ 254,000 508,000 58,000 116,000 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 Perform vertical analysis of the income statement. (Round your answers to the nearest whole percent.)
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