Umarized guros (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 requirements Requirement 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for Thumph's Companies Begin by selecting the formula to calculate Triumph's Companies obtatio Then enter the amounts and calculate the debt ratio for 2024 (Round the ratio to one tont of a percent XX%) Total liabilities Total assets Debt ratio t th der Chan BUT Triumph's Companies a home mprovement store chain reported the following summed figures 19 Click the icon to view the income statement Click the icon to view the balance sheets) Triumph's has 30,000 common Read the ocements Income statement Requirement 1. Compute the debe Bogin by selecting the formula od month of a percont, XX) 2024 round the whole Totalbos 2023 Triumph's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 Net Sales Revenue 43.700 Cost of Goods Sold 23300 Interest Expense 300 2.000 All Other Expenses 12,000 $ Net Income 42.000 20.300 140 400 5.000 Print Done 1 HTC Thund Balance sheets Rond Trium's Companies Balance sheet May 11, 2024 and 2023 Required Begin to onth of Assets 2024 Labs 2024 2023 2023 our watching Cash 5 2.500 5 How t Season 2 2350 20.000 7:00 7,200 000 t's Called the segrees cused of puder Shorts Account Rocowa Merchandise in Other Current Assets Total Co All A Total Assets 7.900 Total 22.000 10.000 Long 5.500 34.300 7.500 Stockholders' Equity 2.500 on to 000 16.00 27.200 Red 23.000 100 13,100 50,200 Toad 10 270 52.00 -31 000 32.100 50,200 Print Done