Mathematics, 06.05.2021 02:50 feastershevill

Husain, Inc.’s income statement and other financial information for the current year is presented below. Hussain, Inc.
Income Statement
For the year ended December 31
Sales revenue $ 284,131
Cost of goods sold 89,360
Gross profit 194,771
Selling, general and administrative expenses 17,635
Operating income 177,136
Interest expense 6,597
Income before taxes 170,539
Income tax expense 5,914
Net income $ 164,625

Balance sheet information:
Current assets $ 262,500
Noncurrent assets 525,000
Current liabilities 75,000
Long-term debt 150,000

Required:

Perform vertical analysis of the income statement.
Calculate the debt-to-assets ratio.
Calculate the times interest earned ratio.

Answers: 1

Show answers

Other questions on the subject: Mathematics

Mathematics, 21.06.2019 21:00, alexahrnandez4678

Dean and karlene get paid to write songs. dean is paid a one-time fee of $20 plus $80 per day. karlene is paid a one-time fee of $25 plus $100 per day. write an expression to represent how much a producer will pay to hire both to work the same number of days on a song.

Answers: 1

continue

Mathematics, 21.06.2019 22:30, mal5546

Olga bought a new skirt that cost $20. sales tax is 5%. how much did olga pay, including sales tax? 7.

Answers: 2

continue

Mathematics, 21.06.2019 22:30, foreignlove1039

If a flying disk is 139 meters in the air and travels at an average of 13 m/s how long is it in the air

Answers: 2

continue

Mathematics, 21.06.2019 23:00, shawdyylinda

The architect's side view drawing of a saltbox-style house shows a post that supports the roof ridge. the support post is 8 ft tall. the distance from the front of the house to the support post is less than the distance from the post to the back of the house. how far from the front of the house is the support post positioned?

Answers: 1

continue

You know the right answer?

Husain, Inc.’s income statement and other financial information for the current year is presented be...