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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 ended

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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 ended December 31 Sales revenue $ 184, 131 Cost of goods sold 69,360 Gross profit 114,771 Selling, general and administrative 12,635 expenses Operating income 102, 136 Interest expense 3,597 Income before taxes 98,539 Income tax expense 3,914 Net income $ 94,625 Balance sheet information: Current assets Noncurrent assets Current liabilities Long-term debt $ 252,500 505,000 55,000 110,000 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 Perform vertical analysis of the income statement. (Round your answers to the nearest whole percent.) Percent (%) Radio Heed, Incorporated Income Statement For the year ended December 31 Amount Sales revenue $ 184,131 Cost of goods sold 69,360 Gross profit 114,771 Selling, general, and administrative expenses 12,635 Operating income 102,136 Interest expense 3,597 Income before taxes 98,539 Income tax expense 3,914 Net income $ 94,625 Required A Required B > 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 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 times interest earned ratio. (Round your answer to 2 decimal places.) Interest Earned Ratio

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