* Requirements Triumph's Companies, a home improvement store chain, reported the following summarized figures: E: (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Triumph's has 50,000 common shares outstanding during 2018. Read the requirements. 1. Compute the debt ratio and the debt to equity ratio at May 31, 2018, for Triumph's Companies. 2. Is Triumph's ability to pay its liabilities strong or weak? Explain your reasoning. Requirement 1. Compute the debt ratio and the debt to equity ratio at May 31, 2018, for Triumph's Companies. Begin by selecting the formula to calculate Triumph's Companies' debt ratio. Then antar the amo = Debtre i Balance Sheets Print Done - X Income Statement Triumph's Companies Balance Sheet May 31, 2018 and 2017 Assets 2018 Liabilities 2018 2017 2017 Triumph's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 Cash 2,300 $ 12,800 11,900 2017 24,700 Short-term Investments Accounts Receivable Merchandise Inventory Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses 46,500 $ 22,500 300 6,200 42,000 23,700 280 8,400 25,000 7,100 7,200 6,000 1,300 Total Current Liabilities $ 29,000 $ 10,000 Long-term Lid 12,300 Long-term Liabilities 5,700 Total Liabilities 41,300 9,700 Stockholders' Equity 1,700 Common Stock 8,000 29,300 28,400 Retained Earnings 27,000 37,300 Total Equity 55,400 $ 78,600 $ Total Liabilities and Equity Other Current Assets Total Current Assets 17,500 $ 9,620 8,000 22,700 30,700 55,400 Net Income 47,600 31,000 78,600 $ All Other Assets $ Total Assets Print Done Print Done