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Bargain Deal, Inc., Is a leading retaller speclalizing in consumer electronics. A condensed Income statement and balance sheet for the fiscal year ended January 28,2017
Bargain Deal, Inc., Is a leading retaller speclalizing in consumer electronics. A condensed Income statement and balance sheet for the fiscal year ended January 28,2017 , are shown below. Includes $242 of Interest expense. Requlred: 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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