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- X Data table New York Communications, Inc. Income Statement Year Ended July 31, 2024 Net Sales Revenue 29,000 9,000 Cost of Goods Sold Gross Profit 20,000 680 1,800 2,480 17,520 Operating Expenses: 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 ? 3,060 Net Income $2 Print Done The Income tant for New York Communication, Inc. follow. Assume New York Communication, he signed a three month, 12%, $110,000 note on June 1, 2004, and that this was the only nato payable for the company che con to view the income statement Requirements Bihmising information for New York's year ended July 31, 2024, income talonent. Round to the nearest dolar. Compute the time interesteamed ratio for the company, Poond to two decals 2 Requirement 1. Fel in the missing information for New Yorkes year anted July 31, 2024. Income statement. Round to the nearest dollar (Ceata month year for interest computine Us A minua sign or parties to enter other expenses) New York Communications, Inc. Income Statement Year Ended JNly 31, 2024 Net Sales Revenue 29,000 (9,000) Cost of Goods Sold Gross Profit 20,000 Operating Expenses: Selling Expenses $ 680 1,800 Administrative Expenses (2,480) Total Operating Expenses Operating Income Other Income and (Expenses): 17,520 Interest Expense Total Other Income and (Expenses) Net Income before Income Tax Expense Income Tax Expense (3,060) Net Income Requirement 2. Compute the times-interest-earned ratio for the company. Round to t 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-earned ratio. (Round your answer to two decimal places, X.XX.) Times-interest-earned ratio