WK 3 - Apply: Homework (due Day 7 0 Saved Help Save & Exit & Submit 2 Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 28, 2017, are shown below. 33.33 points eBook Bargain Deal, Inc. Balance Sheet At January 28, 2017 ($ in millions) Assets Current assets: Cash and cash equivalents Short-term investments Accounts receivable (net) Inventory Other current assets Total current assets Long-term assets Total assets Liabilities and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Shareholders' equity Total liabilities and shareholders' equity $ 2,086 1,316 1,217 5,062 414 10,095 3,688 $13,783 References $ 5,000 3,575 8,575 2,238 2,970 $13,783 Revenues Bargain Deal, Inc. Income Statement For the Year Ended January 28, 2017 ($ in millions) $39,585 Costs and expenses 38,164 Operating income 1,419 Other income (expense) * (76) Income before income taxes 1,343 Income tax expense 668 Net income $ 675 WK 3 - Apply: Homework (due Day 7) Seved Help Save & Exit Submit Shareholders' equity Total liabilities and shareholders' equity 2,970 $13, 783 2 33.33 points Revenues Bargain Deal, Inc. Income Statement For the Year Ended January 28, 2017 ($ in millions) $39,583 Costs and expenses 38, 164 Operating income 1,419 Other income (expense)* (76) Income before income taxes 1,343 1 Income tax expense 668 Net income $ 675 eBook References *Includes $179 of interest expense. . Required: 1-a. Calculate the current ratio for Bargain Deal for its fiscal year ended January 28, 2017. 1-b. Calculate the acid-test ratio for Bargain Deal for its fiscal year ended January 28, 2017. 1-c. Calculate the debt to equity ratio for Bargain Deal for its fiscal year ended January 28, 2017. 1-d. Calculate the times interest earned ratio for Bargain Deal for its fiscal year ended January 28, 2017, (For all requirements, round your answers to 2 decimal places.) 1-a. Current ratio 1-b. Acid-test ratio 1-c. Debt to equity ratio 1-d. Times interest earned ratio times
