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Aim's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon...

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Accounting

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Aim'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.) Aim's has 80,000 common shares outstanding during 2024. Read the requirements. Requirement 1. Compufe the debt ratio and the debt to equity ratio at May 31, 2024, for Aim's Companies. Begin by selecting the formula to calculate Aim's Companies' debt ratio. Then enter the amounts and calculate the debt ratio for 2024 . (Round the ratio to one tenth of a percent, X.X\%.) Balance Sheets Income Statement Requirements 1. Compute the debt ratio and the debt to equity ratio at May 31, 2024, for Aim's Companies. 2. Is Aim's ability to pay its liabilities strong or weak? Explain your reasoning

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