ting times-interest-earned ratio for Vermont Communications follows. Assume Vermont Com- ed a 3-month, 390, S6,000 note on June 1, 2018, and that this was the the income statement The Learning Objective note payable for the com 1. Net Income $9,620 VERMONT COMMUNICATIONS Income Statement Year Ended July 31, 2018 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses $26,500 12,200 14,300 Selling Expenses Administrative Expenses Total Operating Expenses s 690 1,550 2,240 Operating Income Other Income and (Expenses): 12,060 Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense Net Income 2,410 Requirements 1. Fill in the missing information for Vermont's year ended July 31, 2018, income statement. Round to the nearest dollar 2. Compute the times-interest-earned ratio for the company. Round to two decimals