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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
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 30,000 common shares outstanding during 2024. Read the Requirement 1. Compute Triumph's Companies' current ratio at May 31, 2024 and 2023. Begin by selecting the formula to calculate Triumph's Companies' current ratio. Then enter the amounts and calculate the current ratio for 2024 and then 2023. (Round your answers to two decimal places, X.XX.) []=Currentratio Requirements 1. Compute Triumph's Companies' current ratio at May 31,2024 and 2023. 2. Did Triumph's Companies' current ratio improve, deteriorate, or hold steady during 2024 ? Income Statement Balance Sheets
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