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Need help please Win's Companies, a home improvement store chain, reported the following summarized figures. Win's has 80,000 common shares outstanding during 2024. Requirements: 1)
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Win's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the lcon to view the balance sheets.) Win's has 80,000 common shares outstanding during 2024 . Read the requirements. Requirement 1. Corpule the debt rato and the debt to equity ratio at May 31, 2024, for Win's Compsnies. Begin by selecting the formuls to calculate Wis's Companies' debt eato. Then ontor the amounts and calculate the debt rasb for 2024 . (Round the ratio to coe tenth of a percent, XXEW.) Began by selecing the formula to caloulate Wir's Comparies' deot to equity ratio, Then enter the amounis and calculate the debt to equay ratio for 2024 . (Round the ratio to two decimal piaces, x Debt to equity raso Requirement 2. is Whis ablity to pay its llablijes wrong of whak? Explain your reasoning. (Assume the folowing induotry averagec; debt rafo: 69\%s, debt to equily raboc 2.23.) The company's ablety lo pay its labililes appears since the dobt ratio is fairyy Income Statement he tenth of a perce pund the ratio to two to equity ratio: 2.23.) Balance Sheets Requirements 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for Win's Companies. 2. Is Win's ability to pay its liabilities strong or weak? Explain your reasoning Win's Companies, a home improvement store chain, reported the following summarized figures.
Win's has 80,000 common shares outstanding during 2024.
Requirements:
1) Compute the debt ratio and debt to equity ratio at May 31, 2024 for Win's Companies.
2) Is Win's ability to pay its liabilities strong or weak? Explain
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