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ech Supplies Company, Incorporated, is a leading retailer specializing in consumer electronics. A condensed income statement and alance sheet for the fiscal year ended February
ech Supplies Company, Incorporated, is a leading retailer specializing in consumer electronics. A condensed income statement and alance sheet for the fiscal year ended February 1, 2020, are shown below. *Includes $134 of interest expense. Required: 1-a. Calculate the current ratio for Tech Supplies for its fiscal year ended February 1, 2020. 1-b. Calculate the acid-test ratio for Tech Supplies for its fiscal year ended February 1, 2020. 1-c. Calculate the debt to equity ratio for Tech Supplies for its fiscal year ended February 1, 2020. 1-d. Calculate the times interest earned ratio for Tech Supplies for its fiscal year ended February 1, 2020. Note: For all requirements, round your answers to 2 decimal places. Answer is complete but not entirely correct
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