Exercise 3-17 (Algo) Calculating ratios; Tech Supplies [LO3-8] Tech Supplies 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: Tech Supplies 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: $ 2,136 1,242 5,067 424 8,869 3,713 $ 12,582 Accounts payable $ 5,250 Other current liabilities 4,075 Total current liabilities 9,325 Long-term liabilities 2,248 Shareholders' equity 1,009 Total liabilities and shareholders' equity $ 12,582 Tech Supplies Company, Incorporated Income Statement Revenues For the Year Ended February 1, 2020 ($ in millions). Costs and expenses Operating income Other income (expense)* Income before income taxes Income tax expense Net income "Includes $224 of interest expense. Required: $ 39,608 38,169 1,439 (81) 1,358 743 $ 615 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.