Achieve's Companies, a home improvement store chain, reported the following summarized figures: E: (Click the icon to view the income statement.) Click the icon to view the balance sheets.) Achieve's has 80,000 common shares outstanding during 2018 Read the requirements Requirement 1. Compute the debt ratio and the debt to equity ratio at May 31, 2018, for Achieve's Companies. Begin by selecting the formula to calculate Achieve's Companies' debt ratio. Then enter the amounts and calculate the debt ratio for 2018. (Round the ratio to one tenth of a percent, X.X%.) Net income Net income Debt ratio % Begin by selecting the formula to calculate Achieve's Companies' debt to equity ratio. Then enter the amounts and calculate the debt to equity ratio for 2018. (Round the ratio to two decimal places, X.XX.) Debt to equity ratio - Income Statement Achieve's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 2017 $ Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses Net Income 55,400 $ 20,600 200 5,800 43,800 29,300 140 7,100 $ 28,800 $ 7,260 Print Done 2018 2017 2018 2017 Cash $ 2,500 $ 13,300 11,100 29,000 24,400 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets 7,100 6,800 6,000 1,600 Total Current Liabilities $ 23,000 $ 11,000 Long-term Liabilities 13,600 5,400 Total Liabilities 36,600 7,500 Stockholders' Equity 2,100 Common Stock 13,000 27,600 Retained Earnings 36,800 29,000 Total Equity 49,800 56,600 $ 86,400 $ Total Liabilities and Equity 13,000 19,200 Total Current Assets 51,400 35,000 All Other Assets 32,200 $ 86,400 $ Total Assets 56,600