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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

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
Balance Sheet
At February 1,2020
($ in millions)
Assets
Current assets:
Cash and cash equivalents $ 2,096
Accounts receivable (net)1,222
Inventory 5,063
Other current assets 416
Total current assets 8,797
Long-term assets 3,693
Total assets $ 12,490
Liabilities and Shareholders Equity
Current liabilities:
Accounts payable $ 5,050
Other current liabilities 3,675
Total current liabilities 8,725
Long-term liabilities 2,240
Shareholders equity 1,525
Total liabilities and shareholders equity $ 12,490
Tech Supplies Company, Incorporated
Income Statement
For the Year Ended February 1,2020
($ in millions)
Revenues $ 39,588
Costs and expenses 38,165
Operating income 1,423
Other income (expense)*(77)
Income before income taxes 1,346
Income tax expense 683
Net income $ 663
*Footnote asteriskIncludes $188 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.

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