Question: could you please post it to where it doesnt cut off on the sides and shows the answer completely please The Income statement for New




The Income statement for New York Communications follows. Assume New York Communications signed a three-month, 6%, 590,000 note on June 1, 2024, and that this was the only note payable for the company Click the foon 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. Computo the times-interest-eamed ratio for the company. Round two decimals Requirement 1. Fill in the missing information for New York's year ended July 31, 2024, income statement. Round to the nearest dollar. Use a 12-month year for interest computations Use a minus sign or parentheses to enter the expenses) New York Communications Income Statement Year Ended July 31, 2024 Net Sales Revenue $ 26.000 Cost of Goods Sold (9,500) Gross Profit 16,500 Operating Expenses npany. to view the income sta New York Communications sing information for Nel times-interest-eamed 26,000 9,500 Income Statement Year Ended July 31, 2024 Net Sales Revenue Cost of Goods Sold Gross Profit Operating Expenses Selling Expenses $ month year for interest computatio 16,500 Fill in the missing inform or parentheses to enter New York Com Income sul 740 1,600 Administrativo Expenses Year Ended 2,340 nue Total Operating Expenses ola bn to view the income sta Selling Expenses 740 1,600 2,340 nissing information for Nel he times-interest-earned 14,160 month year to Fill in the missing inform on or parentheses to enter New York Com 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 Net Income ? 2 Income se 2,650 Year Ended $? Venue The income statement for New York Communications follows. Assume New York Communications signed a three-month, 6%, $90,000 note on June 1, 2024, Net Sales Revenue $ 25,000 Cost of Goods Sold (9,500) Gross Profit 16,500 Operating Expenses: Selling Expenses $ 740 Administrative Expenses 1,600 Total Operating Expenses (2,340) Operating Incomo 14.160 Other Income and (Expenson) Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense (2.650) I1 Nam 140 The income statement for New York Communications follows. Assume New York Communications signed a three-month, 6%, $90,000 note on June 1, 2024, and that Selling expenses 1,600 Administrative Expenses Total Operating Expenses (2,340) Operating Income 14.160 Other Income and (Expenses) Interest Expense Total Other Income and (Expense) Net Income before Income Tax Expense Income Tax Experte (2.650) Net Income 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-earned ratio. (Round your answer to two decimal places, XXX) Times-interest-earned ratio
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