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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.
*Includes $260 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.
Answer is complete but not entirely correct.
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