Tech Supplies Company, Incorporated, is a leading retailer specializing in consumer electronics. A condensed income statement...

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Tech Supplies Company, Incorporated, is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended February 1, 2020, are shown below. Tech Supplies Company, Incorporated Balance Sheet At February 1, 2020 (in millions) Assets Current asset Cash and cash equivalents Accounts receivable (net) Inventory Other current assets. Total current assets Long-term neseta Total assets Liabilities and Shareholders' Equity Current liabilities Accounts payable Other current liabilities Total current liabilities Long-tern liabilities Shareholders equity Total liabilities and shareholders' equity Tech Supplies Company, Incorporated Income Statement For the Year Ended February 1, 2020 (in millions) Revenues $39,623 Costs and expenses 30,172 Operating income 1,451 Other incun () Incone before income taxes 1,367 Income tax expense 700 Net Incone $579 $2,166 1,257 5,070 436 6,923 3,728 #12,651 $5,400 4,395 9,775 2.254 622 $12,651 Total liabilities and shareholders' equity Revenues Tech Supplies Company, Incorporated Income Statement For the Year Ended February 1, 2020 ($ in millions) Costs and expenses Operating incone Other income (expense) Income before income taxes Income tax expense Net income $ 39,623 38,172 1,451 (84) 1,367 788 $ 579 622 $ 12,651 "Includes $251 of interest expense. Required: 1-a. Calculate the current ratio for Tech Supplies for its fiscal year ended February 1, 2020. 1-b. Calculate the acid-test ratio for Tech Supplies for its fiscal year ended February 1, 2020. 1-c. Calculate the debt to equity ratio for Tech Supplies for its fiscal year ended February 1, 2020. 1-d. Calculate the times interest earned ratio for Tech Supplies for its fiscal year ended February 1, 2020. Note: For all requirements, round your answers to 2 decimal places. 1-a. Current ratio 1-b. Acid-test ratio 1-c. Debt to equity ratio 1-d. Times interest earned ratio times Tech Supplies Company, Incorporated, is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended February 1, 2020, are shown below. Tech Supplies Company, Incorporated Balance Sheet At February 1, 2020 (in millions) Assets Current asset Cash and cash equivalents Accounts receivable (net) Inventory Other current assets. Total current assets Long-term neseta Total assets Liabilities and Shareholders' Equity Current liabilities Accounts payable Other current liabilities Total current liabilities Long-tern liabilities Shareholders equity Total liabilities and shareholders' equity Tech Supplies Company, Incorporated Income Statement For the Year Ended February 1, 2020 (in millions) Revenues $39,623 Costs and expenses 30,172 Operating income 1,451 Other incun () Incone before income taxes 1,367 Income tax expense 700 Net Incone $579 $2,166 1,257 5,070 436 6,923 3,728 #12,651 $5,400 4,395 9,775 2.254 622 $12,651 Total liabilities and shareholders' equity Revenues Tech Supplies Company, Incorporated Income Statement For the Year Ended February 1, 2020 ($ in millions) Costs and expenses Operating incone Other income (expense) Income before income taxes Income tax expense Net income $ 39,623 38,172 1,451 (84) 1,367 788 $ 579 622 $ 12,651 "Includes $251 of interest expense. Required: 1-a. Calculate the current ratio for Tech Supplies for its fiscal year ended February 1, 2020. 1-b. Calculate the acid-test ratio for Tech Supplies for its fiscal year ended February 1, 2020. 1-c. Calculate the debt to equity ratio for Tech Supplies for its fiscal year ended February 1, 2020. 1-d. Calculate the times interest earned ratio for Tech Supplies for its fiscal year ended February 1, 2020. Note: For all requirements, round your answers to 2 decimal places. 1-a. Current ratio 1-b. Acid-test ratio 1-c. Debt to equity ratio 1-d. Times interest earned ratio times