Win'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.) Win's has 40,000 common shares outstanding during 2024. Read the requirements Requirements 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for Win's Companies 2. Is Win's ability to pay its liabilities strong or weak? Explain your reasoning. Requirement 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for Win's Companies. Begin by selecting the formula to calculate Win's Companies' debt ratio. Then enter the amounts and calculate the debt ratio for 2024. (Round the ratio to one tenth of a percent, XX%) = Debt ratio Balance Sheets Income Statement Win's Companies Income Statement Years Ended May 31, 2024 and 2023 2024 Win's Companies Balance Sheet May 31, 2024 and 2023 2023 Assets 2024 Liabilities 2024 2023 2023 $ Cash S 2,000 $ 55,400 $ 21,200 39,800 29,300 13.100 12,300 Short-term Investments Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses 700 480 7,800 Accounts Receivable 25,400 6,700 26,800 $ 29,000 7,400 6,800 10,000 1,800 Total Current Liabilities $ 22,000 $ 13,000 Long-term Liabilities 13.400 5,500 Total Liabilities 35,400 7,500 Stockholders' Equity 1,700 Common Stock 13,000 29,300 Retained Earnings 35,800 48,800 2.240 Merchandise Inventory Other Current Assets Total Current Assets Net Income 13,000 13,900 55,200 29,000 Al Other Assets 23.000 Total Equity 26.000 Print Done S Total Assets 84,200 $ 52,300 Total Liabilities and Equity 84,200 $ 52,300