High'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.) High's has 30,000 common shares outstanding during 2024 Read the requirements Requirement 1. Compute High's Companies' current ratio at May 31, 2024 and 2023 Begin by selecting the formula to calculate High's Companies' current ratio. Then enter the amounts and calculate the current ratio for 2024 and then 2023. (Round your answers to two decimal places, XXX.) Current ratio Requirements Balance Sheets 1. Compute High's Companies' current ratio at May 31, 2024 and 2023. 2. Did High's Companies' current ratio improve, deteriorate, or hold steady during 20242 High's Companies Balance Sheet May 31, 2024 and 2023 Assets 2024 Liabilities 2024 2023 2023 Print Done Cash $ 2,100 S 13,000 12,700 26,000 Income Statement 25,700 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets 7,400 6,800 6,000 1.900 Total Current Liabilities S 21,000 $ 12,000 Long-term Liabilities 12.900 5,300 Total Liabilities 33,900 5.900 Stockholders' Equity 2,100 Common Stock 8,000 27,200 Retained Earings 41,400 49,400 8,000 16,500 48,300 35,000 83,300 S 23.000 Total Equity 24,500 $ 50,200 S 50,200 2023 Total Assets Total Liabilities and Equity 83,300 S High's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 Net Sales Revenue S 42,100 S Cost of Goods Sold 20,800 Interest Expense 300 6.900 All Other Expenses S 14,100 S Net Income 42,000 24,900 Print Done 140 7.100 9,860 Aber de dialar