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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,

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 $ 2,106 Short-term investments 1,318 Accounts receivable (net) 1,227 Inventory 5,064 Other current assets 418 Total current assets 10,133 Long-term assets 3,698 Total assets $ 13,831 Liabilities and Shareholders Equity Current liabilities: Accounts payable $ 5,100 Other current liabilities 3,775 Total current liabilities 8,875 Long-term liabilities 2,242 Shareholders equity 2,714 Total liabilities and shareholders equity $ 13,831 Bargain Deal, Inc. Income Statement For the Year Ended January 28, 2017 ($ in millions) Revenues $ 39,593 Costs and expenses 38,166 Operating income 1,427 Other income (expense)* (78 ) Income before income taxes 1,349 Income tax expense 698 Net income $ 651 *Includes $197 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. (For all requirements, round your answers to 2 decimal places.)

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