Question: I really need help with this accounting question please. Thank you Excel's Companies, a home improvement store chain, reported the following summerized figures: Click the
I really need help with this accounting question please. Thank you

Excel's Companies, a home improvement store chain, reported the following summerized figures: Click the icon to view the income statement.) E (Click the icon to view the balance sheets.) Excel's has 30.000 common shares outstanding during 2016 TERED Requirement 1. Compute the debt ratio and the debt to equily ratio at May 31, 2018, for Excel's Companies. Begin by selecting the formula to calculate Excel's Companies' debt ratio. Then enter the amounts and calculate the debt ratio for 2018. (Round the ratio to one tenth of a percent, X.X%.) Debt ratio + Begin by selecting the fomula to calculate Excel's Companies' debt to equity ratio. Then enter the amounts and calculate the debt to eculty ratio for 2018. (Round the ratio to two decimal places, X.XX.) Debt to equity ratio Requirement 2. Is Excol's ability to pay its liabilities strong or weak? Explain your reasoning. (Assume the following industry averages: debt ratio: 69% debt to equity ratio: 2.23.) The company's ability to pay its liabilities appears since the debt ratio is fairly Y Balance Sheets Income Statement Excel's Companies Balance Sheet May 31, 2018 and 2017 Assets 2018 Liabilities 2018 2017 2017 Excel's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 Cash S 2,100 $ 12.900 12,700 2017 25,000 1,700 Total Current Liabilities 23,000 $ 14,100 11,000 Long-term Liabilities 5,700 Total Liabilities 37,100 7,500 Stockholders' Equity S 40,900 S 39,800 Short-term Investments Accounts Receivable Merchandise Inventory 7.300 Net Sales Revenue Cost of Goods Sold Interest Expense 25,600 27,700 29,300 320 7.300 10,000 700 Other Current Assets 2.400 Common Stock 8,000 39,600 8,000 17.700 6,200 8.400 All Other Expenses Total Current Assets 28,300 Relained Earnings 51,700 33,000 S 6.300 S 1,780 All Other Assets 47,600 25.700 Net Income 23,000 Total Equity 51,300 Total Liabilities and Equity S Total Assets 84,700 $ $ 84,700 $ 51,300
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