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

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 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%.) Debt ratio A Balance Sheets Income Statement Excel's Companies Balance Sheet Excel's Companies May 31, 2024 and 2023 Income Statement Assets Liabilities Years Ended May 31, 2024 and 2023 2024 2023 2024 2023 2024 2023 Net Sales Revenue $ 43,700 $ Cash 2,500 $ 39,800 $ 1,600 Total Current Liabilities 21,000 $ 13,100 13,600 Cost of Goods Sold Short-term Investments 20,800 9,900 29,300 24,000 13,000 Long-term Liabilities Interest Expense 200 140 Accounts Receivable 7,300 5,300 Total Liabilities 34,600 23,000 6,200 7,100 Merchandise Inventory All Other Expenses 7,300 9,700 Stockholders' Equity $ 16,500 $ 3,260 Other Current Assets 9,000 2,500 common Stock 11,000 Net Income 11,000 Total Current Assets 50,100 32,100 Retained Earnings 32,500 23,100 28,000 All Other Assets 43,500 34,100 Print Done 25,000 Total Equity 57,100 Total Liabilities and Equity $ 78,100 $ 78,100 $ 57,100 Total Assets Print Done