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5 25 points elock Exercise 3-17 (Algo) Calculating ratios; Tech Supplies [LO3-8] Tech Supplies Company, Incorporated, is a leading retailer specializing in consumer electronics.
5 25 points elock Exercise 3-17 (Algo) Calculating ratios; Tech Supplies [LO3-8] 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, 20201 (in millions). Assets Cash and cash equivalents i Prim Current assets References Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Liabilities and Shareholders' Equity $2,026 1,187. 5,056 402 5,671 3,658 $12,329 Total assets Current liabilities Accounts payable. $ 4,700 Other current liabilities. 2,975 Total current liabilities. 7,675 Long-tere liabilities 2,226 Shareholders' equity 2,428 Total liabilities and shareholders' equity $ 12,329 Tech Supplies Company, Incorporated Income Statement For the Year Ended February 1, 2020
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