Done < HFT4474 B52 1211 AA Homework: Homework 2 Score: 0 of 1 pt SF15-6 (similar to) mathxl.com Fermin Perez & Save 5 of 5 (4 complete) - HW Score: 50.42%, 2.52 of 5 pts Question Help Excel's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) Excel's has 30,000 common shares outstanding during 2024 Read the requirements (Click the icon to view the balance sheets) Requirement 1. Compute Excel's Companies' current ratio at May 31, 2024 and 2023. Begin by selecting the formula to calculate Excel'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, XXX) Balance Sheets = Current ratio Excel's Companies Balance Sheet May 31, 2024 and 2023 Assets Liabilities 2024 2023 2024 2023 Cash 2,100 $ 1,800 Total Current Liabilities $ Short-term investments 25,000 Accounts Receivable Merchandise Inventory 7,600 11,000 Long-term Liabilities 5,700 Total Liabilities 24,000 $ 13.200 13,000 10,600 37.200 23.600 7,200 9,700 Stockholders' Equity 9,000 Other Current Assets 1,800 Common Stock 13,000 13,000 Total Current Assets 50,900 30.000 Retained Earnings 30,700 21,400 30,000 All Other Assets 28.000 Total Equity 43,700 34,400 80,900 $ 58,000 $ 80,900 $ 58,000 Total Assets Total Liabilities and Equity Print Done Choose from any drop-down list and then click Check Answer.