Husain, Inc.’s income statement and other financial information for the current year is presented below. Hussain, Inc.Income StatementFor the year ended December 31 Sales revenue$249,131 Cost of goods sold 82,360 Gross profit 166,771 Selling, general & administrative expenses 15,885 Operating income 150,886 Interest expense 5,547 Income before taxes 145,339 Income tax expense 5,214 Net income$140,125 Balance sheet information: Current assets$259,000 Noncurrent assets 518,000 Current liabilities 68,000 Long-term debt 136,000 Using the above information:a.Perform vertical analysis of the income statement. (Round your answer to the nearest whole percent.) b.Calculate the debt-to-assets ratio. (Round your answer to 2 decimal places.) c.Calculate the times interest earned ratio. (Round your answer to 2 decimal places.)
RECOMMENDED!!BUSINESS 202-Husain, Inc.’s income statement and other
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