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Question - 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.

b. Calculate the debt-to-assets ratio. 

c. Calculate the times interest earned ratio.

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