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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 30,

Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 30, 2016, are shown below.

Bargain Deal, Inc. Balance Sheet At January 30, 2016 ($ in millions)
Assets
Current assets:
Cash and cash equivalents $ 1,986
Short-term investments 1,306
Accounts receivable, net 1,167
Merchandise inventories 5,052
Other current assets 394
Total current assets 9,905
Long-term assets 3,638
Total assets $ 13,543
Liabilities and Shareholders' Equity
Current liabilities:
Accounts payable $ 4,500
Other current liabilities 2,575
Total current liabilities 7,075
Long-term liabilities 2,218
Shareholders equity 4,250
Total liabilities and shareholders' equity $ 13,543

Bargain Deal, Inc. Income Statement For the Year Ended January 30, 2016 ($ in millions)
Revenues $ 39,533
Costs and expenses 38,154
Operating income 1,379
Other income (expense)* (66 )
Income before income taxes 1,313
Income tax expense 518
Net income $ 795

*Includes $89 of interest expense. Required: 1-a. Calculate the current ratio for Bargain Deal for its fiscal year ended January 30, 2016. 1-b. Calculate the acid-test ratio for Bargain Deal for its fiscal year ended January 30, 2016. 1-c. Calculate the debt to equity ratio for Bargain Deal for its fiscal year ended January 30, 2016. 1-d. Calculate the times interest earned ratio for Bargain Deal for its fiscal year ended January 30, 2016.

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