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can someone answer requirements 1 and 2 The income statement for Pennsylvania Communications follows. Assume Pennsylvania Communications signed a throe-month, 9%, $110,000 note on June
can someone answer requirements 1 and 2
The income statement for Pennsylvania Communications follows. Assume Pennsylvania Communications signed a throe-month, 9%, $110,000 note on June 1,2024 , and that this was the only note payable for the company. (Click tho icon to view the income statement.) Requlrements 1. Fill in the missing information for Pennsylvania's yoar ended July 31, 2024, income statement. Round to the nearest dollar. 2. Compute the times-interest-eamed ratio for the company. Round to two decimals. Requiroment 1. Fill in the missing information for Pennsylvania's yoat ended July 31, 2024, income statement. Round to the noarost dollar. (Use a 12-month yoar for Interest computations. Use a minus sign or parentheses to enter other expenses.) The income statement for Pennsytvania Communications follows. Assume Pennsytvania Communications signed a throe-month, 9%,$110,000 noto that this was the only note payablo for the company. Olick the icon to viow the incomo statoment.) Requirements 1. Fill in the missing information for Pennsylvania's year ended July 31, 2024, income statement. Round to the nearest dollar. 2. Compute the timos-interest-enmed ratio for the company. Round to two decimals. Requirement 2. Compote the timen-interost-earned ratio for the company. Round to two decimals. Solect the formula and enter the amounts to comoute the times-interest-eamed ratio. (Round vour answer to two decimal olaces. XX ) Requirement 2. Compute the times-interest-eamed ratio for the company. Round to two decimals. Select the formula and enter the amounts to compute the times-interest-eamed ratio. (Round your answer to two decimal places, X XX) Timpe-interest-arned ratio = Step by Step Solution
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