HUWU uols. 710 1,550 (2,260) 13,740 Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense (2,420) Net Income Requirement 2. Compute the times-interest-earned ratio for the company. Round to two decimals. Select the formula and enter the amounts to compute the times-interest-eared ratio. (Round your answer to two decimal places XXX) Times-interest-earned ratio Next (Click the ico New York Communications Income Statement uirements Fill in the mis Compute the 28,000 12,000 Selling E 16,000 Administri Total Opel ating Income Income and Year Ended July 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Expenses): 710 1,550 Interest El 2,260 Total Othe 13,740 come befor ne Tax Expe Interest Expense come Total Other Income and (Expenses) irement 2. (Click the ico Net Sales Revenue $ 28,000 12,000 Requirements 1. Fill in the mis 2. Compute the Cost of Goods Sold Gross Profit Operating Expenses: 16,000 $ 710 bare Coquirement 1.1 12-month year 1,550 2,260 13,740 Selling Expenses Administrative Expenses Total Operating Expenses Operating Income Other Income and (Extenses); Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense et Sales Reven ost of Goods So 2 ross Profit ? perating Expen Selling 2,420 $? Administr Net Income Total Opel The income statement for New York Communications follows. Assume New York Communications signed a three month, 9%, $110,000 note on June 1, 2024, and that this was the only note payable for the company. (Click the icon to view the income statement.) Requirements 1. Fill in the missing information for New York's year ended July 31, 2024, income statement. Round to the nearest dollar. 2. Compute the times-interest-earned ratio for the company. Round to two decimals. Income Statement Year Ended July 31, 2024 $ Net Sales Revenue Cost of Goods Sold 28,000 (12.000) Gross Profit 16,000 $ 710 Operating Expenses: Selling Expenses Administrative Expenses Total Operating Expenses Operating Income 1,550 (2.260) 13,740 Other Income and Expenses)