Balance Sheets Income Statement Acceis Companiss, a home improvement store chain, reportod the following summanzed figures: (Click the icon to view the income stalement) (Click the icon to view the balance sheota) Acools has 10,000 common shares outstanding during 2024 Requirement 1. Compute the dobt rabo and the debt to equity ratio at May 31, 2024, for Accelis Companios. Begin by sulecting the formula to calculate Accer's Companies' debt rato Then enter the amounts and calcuiate the dobt ratio far 2024 . (Round the ratio to one tenth of a percent, X.xik Begin by solecting the formula to calculate Accel' Companies' debt to equity rato. Then enter the amounts and catculate the debe to equity rato for 2024 . (Round the ratio lo two becimal places, xx.) The companys abilty to pey ics liabeitios appears lince the dobe ratio is faity Requirement 2, is Aocer's ability to pay its liabilac woak Explain your reasoning (Assume the folowing intustry avereges; debt ratio; 69\%, debt to equity ratio:2.23.) The company's ability to pay its liabilitios appears since the debt ratio is tairly docimal places, X XX.) averago =Debtioequityfa= Requirement 2. Is Accel's ability to pay its liabilites strong or weak? Explain your teasc ollowing industry averages, debt rato: 69%, debt to equity rato: 2 23) The company's ability to pay its liabilies appears since the debt ratio is fairly