### Win's Companies Financial Analysis**Overview:**Win's Companies, a home improvement store chain, has provided summarized financial figures for the years ended May 31, 2018, and 2017. The company has 20,000 common shares outstanding as of 2018.**Objective:**Compute Win's Companies' current ratio as of May 31, 2018, and 2017. Utilize the formula to calculate the current ratio, then enter the amounts to determine the ratios for both years. Answers should be rounded to two decimal places.**Financial Details (Income Statement):**#### Income Statement for the Years Ended May 31, 2018, and 2017- **2018:** - Net Sales Revenue: $57,200 - Cost of Goods Sold: $22,500 - Interest Expense: $500 - All Other Expenses: $5,800 - **Net Income:** $28,400- **2017:** - Net Sales Revenue: $39,800 - Cost of Goods Sold: $25,500 - Interest Expense: $320 - All Other Expenses: $6,500 - **Net Income:** $7,480### CalculationThe current ratio can be computed using the formula:\[ \text{Current Ratio} = \frac{\text{Current Assets}}{\text{Current Liabilities}} \]This calculation provides insights into the company's short-term financial health and ability to cover its short-term liabilities with its short-term assets. (Note: Balance sheet figures for current assets and liabilities are needed to compute the current ratio, which are not provided in this document.) **Win's Companies Balance Sheet: May 31, 2018 and 2017****Assets**| | 2018 | 2017 ||----------------|----------|----------|| **Cash** | $2,300 | $1,300 || **Short-term Investments** | $29,000 | $13,000 || **Accounts Receivable** | $7,300 | $5,400 || **Merchandise Inventory** | $7,000 | $5,900 || **Other Current Assets** | $9,000 | $1,800 || **Total Current Assets** | $54,600 | $27,400 || **All Other Assets** | $28,000 | $23,000 || **Total Assets** | $82,600 | $50,400 |**Liabilities**| | 2018 | 2017 ||--------------------------------------|----------|----------|| **Total Current Liabilities** | $22,000 | $12,900 || **Long-term Liabilities** | $12,200 | $11,300 || **Total Liabilities** | $34,200 | $24,200 |**Stockholders' Equity**| | 2018 | 2017 ||-------------------|---------|---------|| **Common Stock** | $8,000 | $8,000 || **Retained Earnings** | $40,400 | $18,200 || **Total Equity** | $48,400 | $26,200 |**Total Liabilities and Equity**: $82,600 for 2018 and $50,400 for 2017.This balance sheet provides a summary of the financial position of Win's Companies as of May 31, 2018, and 2017. It includes assets such as cash, investments, and inventory, liabilities consisting of current and long-term obligations, and stockholders' equity reflecting common stock and retained earnings. The balance of assets equals the total of liabilities and equity for both years.

Name: ### Win's Companies Financial Analysis**Overview:**Win's Companies, a
Uploaded: 2022-11-18T00:26:54.000Z
Channel: Bartleby
Description: ### Win's Companies Financial Analysis**Overview:**Win's Companies, a home improvement store chain, has provided summarized financial figures for the years ended May 31, 2018, and 2017. The company has 20,000 common shares outstanding as of 2018.**O