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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 are shown below.
Includes $ of interest expense.
Required:
a Calculate the current ratio for Tech Supplies for its fiscal year ended February
b Calculate the acidtest ratio for Tech Supplies for its fiscal year ended February
c Calculate the debt to equity ratio for Tech Supplies for its fiscal year ended February
d Calculate the times interest earned ratio for Tech Supplies for its fiscal year ended February
Note: For all requirements, round your answers to decimal places.
Answer is complete but not entirely correct.
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