Income Statement Balance Sheet May 31, 2024 and 2023 1. Compute the debt ratio and the debt to equity ratio at May 31,2024 , for Shine's Companies. 2. Is Shine's ability to pay its liabilities strong or weak? Explain your reasoning. Requirement 1. Compute the debt ratio and the debt to equily ratio at May 31, 2024, for Shine's Companies Begin by selecting the formula to calculate Shine's Companies' debt ratio Then enter the amounts and calculate thdebt tatio for 2024 . (Round the ratio to one fanth of a perce