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

Succeed's Companies, a home improvement store chain, reported the following summarized figures: B (Click the icon to view the income statement.) B (Click the icon to view the balance sheets.) Succeed's has 80,000 common shares outstanding during 2024. Read the requirements Requirement 1. Compute the profit margin ratio for Succeed's Companies for 2024. Begin by selecting the formula to calculate Succeed's Companies' profit margin ratio. Then enter the amounts and calculate the profit margin ratio for 2024. (Round your answer to one tenth of a percent, XX%.) Profit margin ratio Balance Sheets Income Statement Succeed's Companies Succeed's Companies Balance Sheet Income Statement May 31, 2024 and 2023 Years Ended May 31, 2024 and 2023 Assets Liabilities 2024 2023 2024 2023 2024 2023 Net Sales Revenue $ 49,200 $ 42,900 Cash $ 2,100 $ 1,600 Total Current Liabilities $ 27,000 $ 13,100 Cost of Goods Sold 20,600 23,700 Short-term Investments 26,000 12,500 12,000 Long-term Liabilities 11,500 Interest Expense 300 140 Accounts Receivable 7,300 5,300 Total Liabilities 39,500 24,600 All Other Expenses 6,700 7,800 Merchandise Inventory 7,200 8,200 Stockholders' Equity $ 21,600 $ 11,260 9,000 2,500 Common Stock Other Current Assets Net Income 11,000 11,000 34,100 51,600 21,000 Total Current Assets 29,600 Retained Earnings Print Done 33,000 27,000 Total Equity 45,100 32,000 All Other Assets $ 84,600 $ 56,600 84,600 56,600 Total Assets Total Liabilities and Equity Print Done