Victory's Companies, a home improvement wtore chain, reported the following summarized figures: (Click the icon to view the income statement) (Click the icon to view the balance sheets) Vidary's has 40,000 corrmon shares outstanding during 2018 Read the icements Requirement 1. Compute the debt ratio and the debt to equity ratio at May 31, 2018, for Victory's 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 percent XXX Debt ratio Begin by selecting the formula to calculate Victory's Companies' debt to equity ratio. Then enter the amounts and calculate the debt to equity ratio for 2018. Round the ratio to two decimal place XC) Debt to equity ratio Balance Shoots Requirement 2. Is Victory's ability to pay its abilities strong or weak? Explain your reasoning. I The company's ability to pay its liabilities appears y since the debt ratio is fairly Victory Companies Balance Sheet May 31, 2018 und 2017 Income Statement Assets 2018 Liabetes 2010 2017 Cash $ 2.500 5 Short-term investments Victory's Companies Income Statement Years Ended May 21, 2018 and 2017 Accounts Receivable 24.000 7,600 8.800 10.000 5.000 Tour 24000 $ 0 000 Long Im Lates 12.000 5.000 Total Labs 5,00 7.500 Stockholders' Equity 2.300 Common Stock 10.000 27.300Red Eags Merchandise inventory 2013 2017 $ 46.500 5 27.700 300 Other Current Assets Total Current Assets All Other Assets 4700 2000 42,000 29,300 140 8.400 50 500 30.000 80,500 5 5 $ 51,300 Not Sales Reven Cost of Goods Sold Interest Expense All Other Expenses Not income 34.SORS Total Assets Total and Ely 8.900 $ 11,600 $ ue to the next Print Done