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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 $ 2,116
Accounts receivable (net) 1,232
Inventory 5,065
Other current assets 420
Total current assets 8,833
Long-term assets 3,703
Total assets $ 12,536
Liabilities and Shareholders Equity
Current liabilities:
Accounts payable $ 5,150
Other current liabilities 3,875
Total current liabilities 9,025
Long-term liabilities 2,244
Shareholders equity 1,267
Total liabilities and shareholders equity $ 12,536
Tech Supplies Company, Incorporated
Income Statement
For the Year Ended February 1, 2020
($ in millions)
Revenues $ 39,598
Costs and expenses 38,167
Operating income 1,431
Other income (expense)* (79)
Income before income taxes 1,352
Income tax expense 713
Net income $ 639

*Footnote asteriskIncludes $206 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.

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