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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 $ 2,146
Short-term investments 1,322
Accounts receivable (net) 1,247
Inventory 5,068
Other current assets 426
Total current assets 10,209
Long-term assets 3,718
Total assets $ 13,927
Liabilities and Shareholders Equity
Current liabilities:
Accounts payable $ 5,300
Other current liabilities 4,175
Total current liabilities 9,475
Long-term liabilities 2,250
Shareholders equity 2,202
Total liabilities and shareholders equity $ 13,927

Bargain Deal, Inc. Income Statement For the Year Ended January 28, 2017 ($ in millions)
Revenues $ 39,613
Costs and expenses 38,170
Operating income 1,443
Other income (expense)* (82 )
Income before income taxes 1,361
Income tax expense 758
Net income $ 603

*Includes $233 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.)

The current asset section of Guardian Consultants balance sheet consists of cash, accounts receivable, and prepaid expenses. The 2021 balance sheet reported the following: cash, $1,400,000; prepaid expenses, $460,000; long-term assets, $3,400,000; and shareholders equity, $3,500,000. The current ratio at the end of the year was 2.5 and the debt to equity ratio was 1.4. Required: Determine the following 2021 amounts and ratios: (Round your "The acid-test ratio" answer to 1 decimal place.)

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