Question: Activity 2. Answer the following questions. Send soft copy through LMS. Hard copy will also be submitted after the quarantine period. Problem 1Husain, Inc.'s income

 Activity 2. Answer the following questions. Send soft copy through LMS.

Activity 2. Answer the following questions. Send soft copy through LMS. Hard copy will also be submitted after the quarantine period. Problem 1Husain, Inc.'s income statement and other financial information is presented below. Hussain, Inc. Income Statement For the year ended December 31, 2014 Sales revenue $159,131 Cost of goods sold 64.360 Gross profit 94,771 Selling, general and administrative expenses 11.385 Operating income 83,386 Interest expense 2.847 Income before taxes 80,539 Income tax expense 3.414 Net income $ 77.125 Balance sheet information: Current liabilities $ 50,000 Long-term debt 100.000 Current assets 250.000 Noncurrent assets 500.000 A. Using the information above, 1. Perform vertical analysis. Round to the nearest whole percent. 2. Calculate the debt to assets ratio. Round to two decimal places. 3. Calculate the times interest earned ratio. Round to two decimal places

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