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retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 30, 2016, are shown below Bargain Deal,
retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 30, 2016, are shown below Bargain Deal, Inc. Balance Sheet At January 30, 2016 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable, net Merchandise inventories Other current assets $ 2,036 1,311 1,192 5,057 Total current assets 10,000 3,663 $13,663 Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable $ 4,750 3,075 7,825 2, 228 3,610 Other current liabilities Total current liabilities Long-term liabilities Shareholders' equity $13,663 Total liabilities and shareholders' equity Bargain Deal, Inc. Income Statement For the Year Ended January 30, 2016 ($ in millions) $39,558 38,159 1,399 Revenues Costs and expenses Operating income (71) Other income (expense)* Income before income taxes Income tax expense 1,328 593 $ 735 Net income Includes $134 of interest expense Required 1-a. Calculate the current ratio for Bargain Deal for its fiscal year ended January 30, 2016 1-b. Calculate the acid-test ratio for Bargain Deal for its tiscal year ended January 30, 2016 1-c. Calculate the debt to equity ratio for Bargain Deal for its fiscal year ended January 30, 2016 1-d. Calculate the times interest earned ratio for Bargain Deal for its fiscal year ended January 30, 2016. (For all requirements, round your answers to decim
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