Question is timed please answer all parts thank you

Griffith Corporation Adjusted Trial Balance May 31, 2021 come Account Debit Credit 12,000 18,600 3,000 Cash $ Accounts receivable Supplies Prepaid rent Equipment Accumulated depreciation-equipment Accounts payable Interest payable Unearned service revenue Income tax payable 1,300 37,300 $ 4,400 8,800 200 800 2,500 2,500 Income tax payable Note payable 18,400 Common stock 10,000 5,000 Retained earnings Dividends 11,000 100,500 1,000 Service revenue Depreciation expense -equipment Salary expense Rent expense Interest expense Insurance expense Supplies expense 39,500 10,300 3,300 4,100 2,300 6.900 Income tax expense Total $ 150,600 $ 150,600 Income Statement Year Ended May 31, 2021 Income before tax Griffith Corporation Statement of Retained Earnings Year Ended May 31, 2021 Add: Subtotal Less: Griffith Corporation Balance Sheet May 31, 2021 Assets Liabilities Stockholders' Equity Less: Requirement 2. Grim's inders require that the company maintain a debt ratio no higher than 050 Calculate Grith's debt ratio at May 31, 2021, to determine whether the company incomplace with suggest a way that it could have avoided this difficult situation Begie by selecting the labels and then enter the amounts to computer Grimh's debt ratio at May 31, 2021 (Round your caldation to two decimal places) Debt ano Grim's lenders require that the company maintain a debt ratio no higher than 0.50. Gimith is with the debt restriction at May 31, 2021 Mai TE in compliance II out of compliance = is with this de