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High's Companies, a home improvement store chain, reported the following summarzed figures: (Ciot the icon to view the income staterent) (Cick the icon to view the balance sheets) High's has 20,000 common shares outstanding during 2024. Read the requirements Requirement 1. Compute the debt rabo and the debt to equty ratio at May 31, 2024, for High's Companios Begin by selecting the formula to calculate High's Companies debt rato. Then enter the amounts and calculate the debt ratio for 2024 . (Round the ratio to one benth of a percent, X% ) High's Companies, a home improvement store chain, reported the following summarted figures: IIIt (Cick the icon to view the income statement). If (Click the icon to vew the balance sheets) High's has 20,000 common shares outstanding during 2024 . Read the reguirements Income Statement Requirement 1, Compute Begin by selecting the form pfor 2024. (Round the rato to one tenth of a percent, % ) High's Companies, a home improvement store chain, reported the following summarized figures: Fii (Click the icon to view the income statement) (Click the icon to view the balance sheets.) High's has 20,000 common shares outstanding during 2024. Read the requirements. Balance Sheets High's Companies, a home improvement store chain, reported the following summarized figures: 1:: (Cick the icon to view the income statement.) (Click the icon to view the balance sheets.) High's has 20,000 common shares outstanding during 2024. Read the reguirements, Requirement 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for High's Companies. Begin by selecting the formula to calculate High's Companies' debt ratio. Then enter the amounts and caiculate the debt ratio for 2024 . (Round the ratio to or Requirements 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for High's Companies. 2. Is High's ability to pay its labilities strong or weak? Explain your reasoning