Triumph'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.) Triumph's has 40,000 common shares outstanding during 2018. Read the requirements. 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 enter the amounts and calculate the + + Debt ratio % Begin by selecting the formula to calculate Triumph's Companies' debt to equity ratio. Then enter the amounts and calcu Debt to equity ratio Requirement 2. Is Triumph's ability to pay its liabilities strong or weak? Explain your reasoning. (Assume the following inc The company's ability to pay its liabilities appears since the debt ratio is fairly Income Statement Triumph's Companies Income Statement Years Ended May 31, 2018 and 2017 Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses Net Income 2018 2017 $ 51,200 $ 21,200 200 42,000 25,500 140 6.200 6,500 23,600 $ 9,860 - - X