4.

Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 28, 2017, are shown below.

Bargain Deal, Inc. Balance Sheet At January 28, 2017 ($ in millions)
Assets
Current assets:
Cash and cash equivalents	$	2,056
Short-term investments		1,313
Accounts receivable (net)		1,202
Inventory		5,059
Other current assets		408
Total current assets		10,038
Long-term assets		3,673
Total assets	$	13,711
Liabilities and Shareholders Equity
Current liabilities:
Accounts payable	$	4,850
Other current liabilities		3,275
Total current liabilities		8,125
Long-term liabilities		2,232
Shareholders equity		3,354
Total liabilities and shareholders equity	$	13,711

Bargain Deal, Inc. Income Statement For the Year Ended January 28, 2017 ($ in millions)
Revenues	$	39,568
Costs and expenses		38,161
Operating income		1,407
Other income (expense)*		(73	)
Income before income taxes		1,334
Income tax expense		623
Net income	$	711

*Includes $152 of interest expense. Required: 1-a. Calculate the current ratio for Bargain Deal for its fiscal year ended January 28, 2017. 1-b. Calculate the acid-test ratio for Bargain Deal for its fiscal year ended January 28, 2017. 1-c. Calculate the debt to equity ratio for Bargain Deal for its fiscal year ended January 28, 2017. 1-d. Calculate the times interest earned ratio for Bargain Deal for its fiscal year ended January 28, 2017.