Excers Companies, a home improvement store chain, reported the following summarized figures HD Click the icon to vw the income statement Click the icon to view the balance sheets) Excel's has 50,000 common shares outstanding during 2024 Read the requicaments Requirement 1. Compute Excel's Companies current rato at May 31, 2024 and 2023 Begin by selecting the formula to calculate Excer's Companies current ratio Then enter the amounts and calculate the current rate for 2024 and 2073 (Round your answers to two decal places, XXX) Total Curront assets Total current abbes Current ratio 2024 common share (Click the icon to view the balance sheets Income statement - X mpute Excel's te formula toc decimal place Excel's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 for 2024 and then 2003 und al current asset 2023 $ Net Sales Revenue Cost of Goods Sold Interest Expense 51,200 $ 21 200 700 5,800 44 700 29,300 460 8.400 All Other Expenses 5 23,500 5 6,540 Net Income Print Done Balance sheets Save cel's Nidth equire Excer's Companies Balance Sheet May 31, 2024 and 2023 egin by Juan Assets 2024 Liabilities 2024 Round 2023 Cash 2023 2024 13.300 11.10 Short-term Investments Accounts Receivable Merchandise Inventory 2,100 $ 27.000 7,100 6800 9,000 24.500 1 000 Total Current Liabiti S 22 000 $ 10,000 Long term bites 12.200 5.500 Total Liabilities 34.300 8.700 Stockholders' Equity 2300 Common Stock 11 000 1000 29.400 Retained Earnings 28.000 rotuly 5.000 25,000 Total Libes and Equity Other Current Assets OUD 21.00 Total Current Assets 52.000 34000 All Other Ascots 22.000 86,000 5 57,400 57,400 Total Assets Print Done