Triumph's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon...
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Triumph'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.) Triumph's has 100,000 common shares outstanding during 2024. Read the requirements. Requirement 1. Compute Triumph's Companies' current ratio at May 31, 2024 and 2023. Begin by selecting the formula to calculate Triumph's Companies' current ratio. Then enter the amounts and calculate the current ratio for 2024 and then 2023 . (Round your answers to tw Requirement 2. Did Triumph's Companies' current ratio improve, deteriorate, or hold steady during 2024? Triumph's Companies' current ratio Income Statement Balance Sheets Triumph's Companies Balance Sheet May 31, 2024 and 2023 Requirements 1. Compute Triumph's Companies' current ratio at May 31, 2024 and 2023. 2. Did Triumph's Companies' current ratio improve, deteriorate, or hold steady during 2024
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