$*$Includes $$161$ of interest expense.Exercise $3-17($Algo$)$ Calculating ratios; Tech Supplies $[$LO$3-8]$

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.

Tech Supplies Company, Incorporated

Income Statement

For the Year Ended February $1,2020$

$($$ in millions$)$

Revenues

Costs and expenses

Operating income

Other income $($expense$)*$

Income before income taxes

Income tax expense

Net income

$*$Includes $$161$ 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.