Husain, Inc.'s income statement and other financial information for the current year is presented below. Required:
Part a. Perform vertical analysis of the income statement. (Round to the nearest whole percentage.)
Part b. Calculate the debt-to-assets ratio. (Round to two decimal places.)
Part c. Calculate the times interest earned ratio. (Round to two decimal places.)
Part d. Evaluate the company's solvency.

Question

Husain, Inc.'s income statement and other financial information for the current year is presented below.   Required:
Part a. Perform vertical analysis of the income statement. (Round to the nearest whole percentage.)
Part b. Calculate the debt-to-assets ratio. (Round to two decimal places.)
Part c. Calculate the times interest earned ratio. (Round to two decimal places.)
Part d. Evaluate the company's solvency.

Quizplus · Accepted Answer

The Answer of Husain, Inc.'s income statement and other financial information for the current year is presented below.   Required:
Part a. Perform vertical analysis of the income statement. (Round to the nearest whole percentage.)
Part b. Calculate the debt-to-assets ratio. (Round to two decimal places.)
Part c. Calculate the times interest earned ratio. (Round to two decimal places.)
Part d. Evaluate the company's solvency.