Victory's Companies, a home improvement store chain, reported the following summarized figures (Click the icon to view the income toment) (Cick the icon to view the balance sheets) Victory's 40,000 common shares outstanding during 2018 Read the moments Requirement 1. Compute the debt ratio and the debt to equity ratio at May 31, 2018, for Victory Companies Begin by selecting the formula to calculate Victory's Companies' debt ratio. Then enter the amounts and calculate the debt ratio for 2018. Round the ratio to one tenth of a parcant, XX ) 2 Debitrato 1 Begin by selecting the tomato calculator Victory's Companies debt to equity ratio Then enter the amounts and calculate the debt to equity ratio for 2018. Round the toto two drome XXX Debt to equity ratio Balance Sheets Requirement 2. Is Victory's ability to pay its labis strong or waak? Explain your reasoning, The company's ability to pay its labies appears since the debt ratio is fairly Victory Companies Balance Sheet May 11, 2018 and 2017 Income Statement Assets Lihts 2018 2017 Cash 2,100 $ Victory's Companies Income Statement 13,100 11 000 Year Ended May 31, 2018 and 2017 2018 Short Investments Accounts Receivable Merchandise Inventory Other Current Assets 24,000 7.000 0.000 10.000 2017 $ 42,000 46,500 $ 27,700 2.300 1.900 Total Current List 5 24.000 1 12.000 10,000 Long-term Libros 5.000 TL 36.000 7.500 Stockholders Equity Common Stock 10.000 27.300 Rained Emige 33.700 42700 51.300 TO Labetes and County $ 30.500 5 Net Sales Revenu Coat of Goods Sold Brest Expense Niher Expenses Nel como 29,200 140 8.400 Total Current Assets All Other Assets 50,000 30,000 10.000 10.000 28.600 300 6.900 20.000 $ Total Assets 10,500 5 51.100 5 11.500 5 4.100 tinue to the next Pent Done Print Done