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: $ 2,176 1,262 5,071 432 8,941 3,733 $ 12,674 Accounts payable Other current liabilities Long-term liabilities Total current liabilities. Shareholders' equity Total liabilities and shareholders' equity Revenues Tech Supplies 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 $ 39,628 38,173 1,455 (85) 1,370 803 $ 567 $ 5,450 4,475 9,925 2,256 493 $ 12,674 *Includes $260 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. 1-a. Current ratio 1-b. Acid-test ratio 1-c. Debt to equity ratio 1-d. Times interest earned ratio times