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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 $ 2,136
Short-term investments 1,321
Accounts receivable (net) 1,242
Inventory 5,067
Other current assets 424
Total current assets 10,190
Long-term assets 3,713
Total assets $ 13,903
Liabilities and Shareholders Equity
Current liabilities:
Accounts payable $ 5,250
Other current liabilities 4,075
Total current liabilities 9,325
Long-term liabilities 2,248
Shareholders equity 2,330
Total liabilities and shareholders equity $ 13,903

Bargain Deal, Inc. Income Statement For the Year Ended January 28, 2017 ($ in millions)
Revenues $ 39,608
Costs and expenses 38,169
Operating income 1,439
Other income (expense)* (81 )
Income before income taxes 1,358
Income tax expense 743
Net income $ 615

*Includes $224 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.)

1-a. Current ratio
1-b. Acid-test ratio
1-c. Debt to equity ratio
1-d. Times interest earned ratio

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