Best Buy Company, Incorporated, is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended February 1, 2020, are shown below. Current assets: Best Buy Company, Incorporated Balance Sheet At February 1, 2020 ($ in millions) Assets Cash and cash equivalents Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Other current liabilities Accounts payable Total current liabilities. Long-term liabilities $ 2,229 1,149 5,174 305 8,857 6,734 $ 15,591 $ 5,288 2,772 8,060 4,052 3,479 $ 15,591 Shareholders' equity Total liabilities and shareholders' equity Best Buy Company, Incorporated Income Statement For the Year Ended February 1, 2020 Revenues Costs and expenses Operating income (5 in millions) $43,638 41,629 2,009 (16) 1,993 other income (expense)" Income before income taxes Income tax expense Net income "Includes $64 of interest expense. Required: 452 $1,541 1-6. Calculate the current ratio for Best Buy for its fiscal year ended February 1, 2020. 1-b. Calculate the acid-test ratio for Best Buy for its fiscal year ended February 1, 2020 1-c. Calculate the debt to equity ratio for Best Buy for its fiscal year ended February 1, 2020 1-d. Calculate the times interest earned ratio for Best Buy for its fiscal year ended February 1, 2020 Note: For all requirements, round your answers to 2 decimal places. Total assets Liabilities and Shareholders' Equity Current liabilities: $ 15,591 $ 5,288 Accounts payable Other current liabilities Long-term liabilities Total current liabilities Shareholders' equity Total liabilities and shareholders' equity Revenues Best Buy Company, Incorporated Income Statement For the Year Ended February 1, 2020 Costs and expenses Operating income ($ in millions) Other income (expense) Income before income taxes Income tax expense Net income "Includes $64 of interest expense. Required: $ 43,638 41,629 2,009 (16) 1,993 452 $ 1,541 2,772 8,060 4,052 3,479 $ 15,591 1-a. Calculate the current ratio for Best Buy for its fiscal year ended February 1, 2020. 1-b. Calculate the acid-test ratio for Best Buy for its fiscal year ended February 1, 2020 1-c. Calculate the debt to equity ratio for Best Buy for its fiscal year ended February 1, 2020. 1-d. Calculate the times interest earned ratio for Best Buy for its fiscal year ended February 1, 2020. Note: For all requirements, round your answers to 2 decimal places. Answer is not complete. 1-a. Current ratio 1.10 1-b. Acid-test ratio 0.42 1-c. Debt to equity ratio 3.48 1-d. Times interest earned ratio: times