Victory's Companies, a home improvement store chain, reported the following summarized figures: III (Click the icon to view the income statement.) Victory's has 30,000 common shares outstanding during 2024. (Click the icon to view the balance sheets.) Read the requirements: Requirement 1. Compute Victory's Companies' current ratio at May 31, 2024 and 2023. Begin by selecting the formula to calculate Victory's Companies' current ratio. Thon onter the amounts and calculate the current ratio for 2024 and then 2023 . (Round your answers to two docimal places, X. XX.) Income Statement Victory's Companies Income Statement Years Ended May 31, 2024 and 2023 Net Sales Revenue \begin{tabular}{rrr} \multicolumn{1}{c}{2024} & \multicolumn{1}{c}{2023} \\ \hline$ & 51,200$ & 42,900 \\ & 22,500 & 25,500 \\ & 400 & 320 \\ & 6,700 & 7,100 \\ \hline$ & 21,600 & $,980 \\ \hline \hline \end{tabular} Net Income Balance Sheets