Question: a . Compute the Company's current ratio and quick ratio on February 1 , 2 0 2 0 , and February 2 , 2 0

a. Compute the Company's current ratio and quick ratio on February 1,2020, and February 2,2019. Comment on any observed trends.
Numerator ($ millions)Denominator ($ millions)=ResultCurrent Ratio: February 1,2020Answer 1Answer 2=Current Ratio: February 2,2019Answer 3Answer 4=Quick Ratio: February 1,2020Answer 5Answer 6=Quick Ratio: February 2,2019Answer 7Answer 8=
Answer 9Both the current and quick ratioOnly the current ratioOnly the quick ratioNeither the current nor quick ratio improved between 2019 and 2020. The Company's current assets Answer 10IncreasedDecreased modestly and its current liabilities Answer 11IncreasedDecreased. The biggest changes were an Answer 12IncreaseDecrease in cash and equivalents in current assets and a Answer 13IncreaseDecrease in the current portion of long-term debt and other borrowings under current liabilities.
b. Compute the Company's times interest earned for the year ended February 1,2020, and its debt-to-equity ratios on February 1,2020, and February 2,2019. Comment on any trends observed.
Numerator ($ millions)Denominator ($ millions)=ResultTimes interest earned: February 1,2020Answer 14Answer 15=Debt-to-equity: February 1,2020Answer 16Answer 17=Debt-to-equity: February 2,2019Answer 18Answer 19=
The Companys debt-to-equity Answer 20IncreasedDecreased slightly.

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