Radio Heed, Incorporateds income statement and other financial information for the current year is presented below. Radio Heed, Incorporated Income Statement For the year ended December 31

Radio Heed, Incorporated
Income Statement
For the year ended December 31
Sales revenue	$ 169,131
Cost of goods sold	66,360
Gross profit	102,771
Selling, general and administrative expenses	11,885
Operating income	90,886
Interest expense	3,147
Income before taxes	87,739
Income tax expense	3,614
Net income	$ 84,125

Balance sheet information:
Current assets	$ 251,000
Noncurrent assets	502,000
Current liabilities	52,000
Long-term debt	104,000

Required:

a. Perform vertical analysis of the income statement.

Perform vertical analysis of the income statement. (Round your answers to the nearest whole percent.)

Radio Heed, Incorporated
Income Statement
For the year ended December 31
	Amount	Percent (%)
Sales revenue	$169,131
Cost of goods sold	66,360
Gross profit	102,771
Selling, general, and administrative expenses	11,885
Operating income	90,886
Interest expense	3,147
Income before taxes	87,739
Income tax expense	3,614
Net income	$84,125

b. Calculate the debt-to-assets ratio.

c. Calculate the times interest earned ratio.