Victory's has 20,000 common shares outstanding during 2024. Read the requirements. - X Requirements 1. Compute Victory's Companies' current ratio at May 31, 2024 and 2023. 2. Did Victory's Companies' current ratio improve, deteriorate, or hold steady during 2024? er the XX nt rat Print Done Part 1 of 4 25 points O Points: 0 of 1 Victory's Companies, a home improvement store chain, reported the following summarized figures. (Click the icon to view the balance sheets.) BEE (Click the icon to view the income statement) Victory's has 20,000 common shares outstanding during 2024. Read the requirements Save 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. Then enter the amounts and calculate the current ratio for 2024 and then 2023. (Round your answers to two decimal places, X.XX) Current ratio Income Statement Victory's Companies Income Statement Years Ended May 31, 2024 and 2023 Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses Net Income - X w the 2024 2023 023. enter th s, X.XX 51,200 $ 44,700 22,500 29,300 urrent ra 200 140 6,700 7,100 21,800 $ 8,160 Print Done lance Sheets Victory's Companies Balance Sheet May 31, 2024 and 2023 Assets Liabilities 2024 2023 2024 2023 Cast 2,200 $ 1.600 Total Current Liabilities 21,000 $ 12,900 12,400 10.400 Shon term Investments 25,000 14,000 Long-term Liabilities Accounts Receivable 7.200 5,500 Total Liabilities 33,400 23,300 Merchandise Inventory 7.200 6.300 Stockholders' Equity 9.000 2,400 Other Current Assets Common Stock 13.000 13.000 33,200 20.500 Total Current Assets 50,600 29.800 Retained Earnings 29,000 27.000 All Other Assets Total Equity 46,200 33.500 $ 79,600 $ 56,800 79,600 $ 56,800 Total Assets Total Liabilities and Equity Print Done