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Hi I really need some help with this accounting problem please. Triumph's Companies, a home improvement store chain, reported the following summarized figures: (Click the

Hi I really need some help with this accounting problem please.

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Triumph's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Triumph's has 20,000 common shares outstanding curing 2015, Read the requirements. IS Requirement 1. Compute Triumph's Companies' current ratio at May 31, 2018 and 2017, Begin by selecting the formula to calculate Triumph's Companies' current ratio. Then enter the amounts and calculate the current ratio for 2018 and then 2017. (Round your answers to two decimal places, X.XX.) Current ratio - 2018 + + Balance Sheets 2017 Requirement 2. Did Triumph's Companies' current ratio improve, deteriorate, or hold steady during 2018? Triumph's Companies' current ratio Triumph's Companies Balance Shoot May 31, 2018 and 2017 Income Statement Assets 2018 Liabilities 2018 2017 2017 Cash S 2,500 $ 12,800 10,400 Triumph's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 Short-term Investments Accounts Receivable Merchandise Inventory 29.000 7,400 1.600 Total Current Liabilities $ 22.000 S 12,000 Long-term Liabilius 12,400 5.400 Total Liabilities 34.400 5,900 Stockholders' Equity 23,200 2017 7,100 7,000 2,500 Common Stock Other Current Assets S 41,000 $ 27,700 23,800 28,600 13,000 20,200 Net Sales Revenue Cost of Goods Sold Interest Expense Total Current Assets 27.400 Retained Eamings 13,000 35.600 48.600 53,000 30,000 All Other Assets 33,200 500 460 29.000 Total Equity 56,400 Total Liabilities and Equity S 83,000 $ $ 6,200 56,400 7,100 Total Assets 83,000 S All Other Expenses S 6,600 $ Net Income 2,640

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