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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

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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, 2017, are shown below. Current assets: Bargain Deal, Inc. Balance Sheet At January 28, 2017 ($ in millions) Assets Cash and cash equivalents Short-term investments Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Current liabilities: $ 2,116 1,319 1,232 5,065 420 10,152 3,703 $13,855 Liabilities and Shareholders' Equity Accounts payable $ 5,150 Other current liabilities 3,875 Total current liabilities 9,025 Long-term liabilities 2,244 Shareholders' equity 2,586 Total liabilities and shareholders' equity $13,855 Bargain Deal, Inc. Income Statement For the Year Ended January 28, 2017 ($ in millions) Revenues $39,598 Costs and expenses 38,167 Operating income 1,431 Other income (expense)* (79) Income before income taxes 1,352 Income tax expense 713 Net income $ 639 *Includes $206 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.

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