Succeed'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 the balance sheets) Succeeds has 80,000 common shares outstanding during 2024. Read the requirements GOODD Requirement 1. Compute Succeed's Companies current ratio at May 31 2024 and 2023 Begin by selecting the formula to calculate Succeed's Companies' current ratio. Then enter the amounts and calculate the current ratio for 2024 and then 2023 Total current assets Total current liabilities Current ratio 2024 $ 46,400 21.000 221 2023 Requirements 1. Compute Succeed's Companies' current ratio at May 31, 2024 and 2023 2. Did Succeed's Companies current ratio improve, deteriorate or hold steady during 20242 Print Done Help me enly thir Succeed's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 49,200 $ 38,800 Cost of Goods Sold 27.700 28,600 Interest Expense 500 140 5.800 6,500 All Other Expenses $ 15.200 $ 3,560 Net Income ll Succeed's Companies Balance Sheet May 31, 2024 and 2023 Assets Liabilities 2024 2023 2024 2023 Cash $ 2,300 $ 13,300 12,400 your answe Short-term Investments 24,000 cin 25,700 Accounts Receivable 1,600 Total Current Liabilities S 21,000 $ 13,000 Long-term Liabilities 14,100 5,500 Total Liabilities 35.100 7,500 Stockholders' Equity 2.300 Common Stock 9,000 30,300 29,900 Retained Earnings 39,300 7.100 7,000 6,000 Merchandise Inventory Other Current Assets 9,000 21,200 30 200 55,900 46,400 28.000 Total Current Assets 26,000 Total Equity All Other Assets $ 74,400 S $ 74,400 S 55,900 Total Liabilities and Equity Total Assets B Done Succeed'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 the balance sheets) Succeeds has 80,000 common shares outstanding during 2024. Read the requirements GOODD Requirement 1. Compute Succeed's Companies current ratio at May 31 2024 and 2023 Begin by selecting the formula to calculate Succeed's Companies' current ratio. Then enter the amounts and calculate the current ratio for 2024 and then 2023 Total current assets Total current liabilities Current ratio 2024 $ 46,400 21.000 221 2023 Requirements 1. Compute Succeed's Companies' current ratio at May 31, 2024 and 2023 2. Did Succeed's Companies current ratio improve, deteriorate or hold steady during 20242 Print Done Help me enly thir Succeed's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 2023 Net Sales Revenue $ 49,200 $ 38,800 Cost of Goods Sold 27.700 28,600 Interest Expense 500 140 5.800 6,500 All Other Expenses $ 15.200 $ 3,560 Net Income ll Succeed's Companies Balance Sheet May 31, 2024 and 2023 Assets Liabilities 2024 2023 2024 2023 Cash $ 2,300 $ 13,300 12,400 your answe Short-term Investments 24,000 cin 25,700 Accounts Receivable 1,600 Total Current Liabilities S 21,000 $ 13,000 Long-term Liabilities 14,100 5,500 Total Liabilities 35.100 7,500 Stockholders' Equity 2.300 Common Stock 9,000 30,300 29,900 Retained Earnings 39,300 7.100 7,000 6,000 Merchandise Inventory Other Current Assets 9,000 21,200 30 200 55,900 46,400 28.000 Total Current Assets 26,000 Total Equity All Other Assets $ 74,400 S $ 74,400 S 55,900 Total Liabilities and Equity Total Assets B Done
