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Shine's Companies, a home improvement store chain reported the following summarized figures Click the boon to view the income statement) Click the icon to view

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Shine's Companies, a home improvement store chain reported the following summarized figures Click the boon to view the income statement) Click the icon to view the balance sheets) Shine's has 30.000 common shares outstanding during 2018 Read the Income Statement Requirement 1. Compute Shines Companies current ratio at May 31, 2018 and 2017 Begin by selecting the formula to calculate Shine's Companies current ratio. Then enter the amounts and card - Current ratio 2017 Shine's Companies Income Statement Year Ended May 31, 2018 and 2017 2018 Net Sales Revenue 49.2005 Cost of Goods Sold 23.300 Interest Expense Al Other Experies 2017 30.800 2400 current prove to hold they during 2018? Requirement 2. Shine's Corp Shine's Companies current ratio Not Income i Balance Sheets Assets 2018 2017 12,800 10,800 two de Cash Short-term Investments Accounts Receivable Merchandise Inventory 2,000 $ 29,000 7,600 7,000 6,000 May 31, 2018 and 2017 Liabilities 2017 2018 1,200 Total Current Liabilities $ 27,000 $ 12,000 Long-term Liabilities 13,500 5,300 Total Liabilities 40,500 6,800 Stockholders' Equity 1,800 Common Stock 11,000 27,100 Retained Earnings 30,100 41,100 50,100 Total Liabilities and Equity $ 81,600 $ 23,600 Other Current Assets Total Current Assets 11,000 15,500 26,500 51,600 30,000 81,600 $ All Other Assets 23,000 Total Equity 50,100 Total Assets Print Done

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