Click the icon to view the balance sheets.) utement.) tanding during 2024 * Requirements x argin ratio o ulate Excel's r 2024. 1. Compute the profit margin ratio for Excel's Companies for 2024. 2. Compute the rate of return on total assets for 2024 3. Compute the asset turnover ratio for 2024 4. Compute the rate of return on common stockholders' equity for 2024 5. Are these rates of return strong or weak? Explain your reasoning. Print Done fields and then click Check Answer Clear All MacBook Air som 80 888 ed - * $ 4 % 5 & 7 3 6 8 9 E R T Y U O E F G H j L c V B N M. V. command mand SF17-9 (sim HW Score: 80.4396, 72.39 of 90 Balance Sheets Puestion Help Excel's Companies, a ho (Click the icon to vie Excel's has 20,000 com Read the resuirements Assets 2024 2023 Requirement 1. Comput Begin by selecting the for percent. XXX) Cash 2,200 $ 12.300 12 500 for to one anthofa Neting 28.000 7.300 May 31, 2024 and 2023 Liables 2023 2024 1,700 Total Current Liabilities $ 23.000 $ 11.000 Long-term Libilities 13.900 5.490 Total Liabilities 36.000 7200 Stockholders' Equity 8.000 27,400 Retained Earnings 41,700 25,000 Total Equity 19.700 53.400 S 16.500 5 Total Liabies and Equity Short-term Investments Acoounts Receivable Merchandise Inventory Other Current Assets 25.300 12.00 7,100 10.000 2,100 Common Stock 1.000 20100 Total Current Assets All Other Assets 52,600 34.000 3.10 5 36.600 5 Total Assets 53.400 Enter any number in the Print Done 7 parts remaining MacBook All ED 8 7 % 5 32 3 6 B 9 4 U T R E W H J TI K to completo) HW alance Sheets May 31, 2024 and 2023 Assets Liabilities 2024 2024 2023 2023 Cash $ 2,200 $ 25,000 7,300 12,800 12,500 Short-term investments Accounts Receivable 25,300 Merchandise Inventory 7.200 7,100 10.000 1.700 Total Current Liabilities S 23,000 $ 11,000 Long-term Liabilities 13,900 5,400 Total Linbildes 36,900 Stockholders' Equity 2.100 Common Stock 8.000 27.400 Retained Earrings 41,700 26.000 Total Equity 49,700 53,400 $ 36,6005 Total Cabdities and Equity Other Current Assets 5.000 Total Current Assets 20,109 52 500 34,000 Al Other AS 28.100 Total Assets 5 36,500 5 53.400 Print Done MacBook Ali 1 $ 4 & 7 00+ 3 6 9 E R T U D F G H K L