PLEase answer all requirements with clear notes so i am able to understand

Excel'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.) Excel's has 50,000 common shares outstanding during 2024. Read the requirements Requirement 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for Excel's Companies Begin by selecting the formula to calculate Excel'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%.) Total liabilities Total assets Debt ratio $ 34,600 78,100 44.3 % Begin by selecting the formula to calculate Excel's Companies' debt to equity ratio. Then enter the amounts and calculate the debt to equity ratio for 2024. (Round the ratio to two decimal places, Xxx.) Debt to equity ratio Balance Sheets Income Statement Requirements Excel's Companies Excel's Companies Balance Sheet Income Statement 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for Excel's Companies. 2. Is Excel's ability to pay its liabilities strong or weak? Explain your reasoning. Years Ended May 31, 2024 and 2023 May 31, 2024 and 2023 2024 2023 Assets Liabilities 2024 2023 2024 2023 Net Sales Revenue $ 43,700 $ 39,800 Cash $ 2,500 $ $ 1,600 Total Current Liabilities 21,000 $ Print 29,300 20,800 Done 13,100 Cost of Goods Sold Interest Expense 200 9,900 Short-term Investments 140 24,000 6,200 7,100 All Other Expenses Accounts Receivable 7,300 23,000 16,500 $ 3,260 Merchandise Inventory 7,300 Net Income 13,000 Long-term Liabilities 13,600 5,300 Total Liabilities 34,600 9,700 Stockholders' Equity 2,500 Common Stock 11,000 32,100 Retained Earnings 32,500 43,500 9,000 Other Current Assets 11,000 Total Current Assets Print 23,100 50,100 Done 28,000 25,000 Total Equity 34,100 All Other Assets 78,100 $ 57,100 78,100 $ 57,100 Total Assets Total Liabilities and Equity Print Done