= Homework: Week 4 Homework (Copy) Win'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.) Win's has 50,000 common shares outstanding during 2024. Read the requirements. Question 4, SF15-8 (similar to) Part 1 of 5 HW Score: 13.97%, 3.49 of 25 points Points: 0 of 1 Sa Requirement 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for Win's Companies. Begin by selecting the formula to calculate Win's Companies' debt ratio. Then enter the amounts and calculate the debt ratio for 2024. (Round the ratio to one tenth of a percent, XX%.) = Debt ratio Income Statement Win's Companies Income Statement Years Ended May 31, 2024 and 2023 - Balance Sheets Win's Companies 2024 2023 Balance Sheet May 31, 2024 and 2023 Assets Liabilities Net Sales Revenue S Cost of Goods Sold 42,100 $ 20,600 42,000 2024 2023 2024 2023 24,900 Cash $ 2,000 $ Interest Expense 300 6,200 280 7,800 All Other Expenses Short-term Investments Accounts Receivable 27,000 7,600 1,700 Total Current Liabilities 12,000 Long-term Liabilities 5,300 Total Liabilities $ 24,000 $ 12,600 12,900 10,500 36,600 23,400 S 15.000 $ 9.020 Merchandise Inventory 7,300 9,700 Stockholders' Equity - X Requirements 9,000 Other Current Assets 2,100 Common Stock 11,000 11,000 Total Current Assets 52,900 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for Win's Companies. All Other Assets $ 30,000 82,900 $ 30,800 Retained Earnings 29,000 Total Equity 35,300 25,400 46,300 36,400 59,800 $ 2. Is Win's ability to pay its liabilities strong or weak? Explain your reasoning. Total Assets Total Liabilities and Equity 82,900 $ 59,800