> Excel's Companies, a home improvement store chain, reported the following summarized figures: mont Click the icon to view the b Click the Balance Sheets Cash Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets Total Assets Assets 2024 2,300 $ 25,000 7,200 7,300 6,000 47,800 35,000 82,800 $ Excel's Companies Balance Sheet May 31, 2024 and 2023 2023 1,200 Total Current Liabilities 13,000 Long-term Liabilities 5,500 Total Liabilities 8,200 2,400 Common Stock 30,300 Retained Earnings 26,000 Total Equity 56,300 Print Liabilities Done Total Liabilities and Equity $ tol $ 2024 26,000 $ 13,400 Stockholders' Equity 39,400 9,000 34,400 43,400 82,800 $ 2023 12,800 11,600 - 24,400 - X 9,000 22,900 31,900 56,300 Income Statement Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses Net Income Excel's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 Print $ S 43,700 $ 21,200 500 6,700 15,300 $ Done 2023 39,800 29,300 140 8,400 1,960 1

Balance Sheets Excefn Companies, a home improvenent store chaic, reported the following summartzed figures: E.t. (Click the icon to Viem the inserna statement). Excofs has 30,000 common shares outstanding during 2024 Read the movinements Requirement 1. Corpute Exbers Companies' currant mbio at Mry 31. 2024 and 2023 Requirements 1. Compute Excel's Companies' current ratio at May 31, 2024 and 2023. 2. Did Excel's Companies' current ratio improve, deteriorate, or hold steady during 2024