please answer all requirements with clear notes so i am able to understand

please answer all requirements with clear notes so i am able to understand

Aim's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) B Click the icon to view the balance sheets.) Aim's has 20,000 common shares outstanding during 2024. Read the requirements. Requirement 1. Compute Aim's Companies' current ratio at May 31, 2024 and 2023. Begin by selecting the formula to calculate Aim'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 Balance Sheets Income Statement Aim's Companies Aim's Companies Balance Sheet Income Statement May 31, 2024 and 2023 Assets Liabilities Years Ended May 31, 2024 and 2023 2024 2023 2024 2023 2024 2023 Net Sales Revenue $ 43,700 $ 39,800 Cash $ 2,300 $ 1,300 Total Current Liabilities $ 13,300 27,000 $ 13,200 Cost of Goods Sold 20,800 21,400 Short-term Investments 10,500 27,000 13,000 Long-term Liabilities Interest Expense 500 320 Accounts Receivable 7,200 5,400 Total Liabilities 40,200 23,800 5,800 7,800 All Other Expenses Merchandise Inventory 7,000 5,900 Stockholders' Equity $ 16,600 $ 10,280 Net Income Other Current Assets 9,000 2,500 Common Stock 9,000 9,000 Total Current Assets 52,500 28,100 Retained Earnings 35,300 24,300 Print Done 32,000 29,000 Total Equity All Other Assets 44,300 33,300 Total Assets 84,500 $ 57,100 84,500 $ 57,100 Total Liabilities and Equity Print Done