Victory'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.) Victory's has 80,000 common shares outstanding during 2018 Read the requirements Requirement 1. Compute Victory's Companies current ratio at May 31, 2018 and 2017 Begin by selecting the formula to calculate Victory's Companies current ratio Then enter the amounts and calculate the current ratio for 2018 and then 2017 Current ratio 2018 2017 Requirement 2 Did Victory's Companies current ratio improve, deteriorate, or hold steady during 2018? Victory's Companies current ratio Choose from any list or enter any number in the input fields and then in the nurstinn Balance Sheets Victory's Companies Balance Sheet May 31, 2018 and 2017 Assets Liabilities 2018 2018 2017 2017 Cash S 2,300 $ 12,900 12,800 26,000 25,700 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets 7,200 6,800 10,000 1,800 Total Current Liabilities 23,000 $ 13,000 Long-term Liabilities 13,500 5,700 Total Liabilities 36,500 8,200 Stockholders' Equity 9,000 31,200 Retained Earnings 36,800 45,800 2.500 Common Stock 9,000 25 500 52,300 30,000 29,000 Total Equity 34 500 $ 82,300 $ 60,200 Total Liabilities and Equity 82,300 5 Total Assets 60,200 Print Done Income Statement X 3 and 2011 Victory's Companies Then en hswers Income Statement Curl Years Ended May 31, 2018 and 2017 2018 2017 Net Sales Revenue 55,400 $ or hold st Cost of Goods Sold 23,300 41,600 24,900 280 7,100 Interest Expense 300 All Other Expenses 6,200 $ 25,600 $ 9,320 Net Income Print Done