Victory's Companies, a home improvement store chain, reported the following summarized figureb: JHB (Click the icon to view the income statement.) FHAl (Click the icon to view the balance sheets.) Victory's has 50,000 common shares outstanding during 2024 . Read the tequitements Requirement 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for Victorys Companies. Begin by selecting the formula to calculate Victory's Companies' debt ratio. Then enter the amounts and calculate the debt ratio for 2024 , (Round the ratio to one tenth of a percont, x ) Income Statement ate the debt ratio for 2024. (Round the ra Balance Sheets Requirements 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for the debt ratio for 202 Victory's Companies. 2. Is Victory's ability to pay its liabilities strong or weak? Explain your reasoning