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Exerclse 3 - 1 7 ( Statlc ) Calculating ratlos; Best Buy [ LO 3 - 8 ] Best Buy Company, Incorporated, is a leading
Exerclse Statlc Calculating ratlos; Best Buy LO 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 are shown below. Includes $ of interest expense. Requlred: Calculate the current ratio for Best Buy for its fiscal year ended February b Calculate the acidtest ratio for Best Buy for its fiscal year ended February c Calculate the debt to equity ratio for Best Buy for its fiscal year ended February d Calculate the times interest earned ratio for Best Buy for its fiscal year ended February Note: For all requlrements, round your onswers to decimal ploces.
Exerclse Statlc Calculating ratlos; Best Buy LO
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 are shown below.
Includes $ of interest expense.
Requlred:
Calculate the current ratio for Best Buy for its fiscal year ended February
b Calculate the acidtest ratio for Best Buy for its fiscal year ended February
c Calculate the debt to equity ratio for Best Buy for its fiscal year ended February
d Calculate the times interest earned ratio for Best Buy for its fiscal year ended February
Note: For all requlrements, round your onswers to decimal ploces.
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