Tech Supplies Company Incorporated is a leading retaller

Last updated: 9/20/2023

Tech Supplies Company Incorporated is a leading retaller specializing in consumer electronics A condensed Income stateme balance sheet for the fiscal year ended February 1 2020 are shown below Tech Supplies Company Incorporated Balance Sheet At February 1 2020 5 in millions Current assets Cash and cash equivalents Accounts receivable net Inventory Other current assets Total current assets Long term assets Total assets Assets Liabilities and Shareholders Equity Current liabilities Accounts payable Other current liabilities Total current liabilities Long term 11abilities Shareholders equity Total liabilities and shareholders equity Tech Supplies Company Incorporated Income Statement For the Year Ended February 1 2828 in millions Revenues Costs and expenses Operating incOND Other income expense Income before income taxes Income tax expense Net Income 14 Current ratio 1 b Acid test ratio 39 578 38 163 1 415 75 1 340 653 687 2 076 1 212 5 061 412 8 761 3 683 12 444 4 950 3 475 8 425 2 236 1 783 12 444 Includes 170 of Interest expense Required 1 a Calculate the current ratio for Tech Suppiles for its fiscal year ended February 1 2020 1 b Calculate the acid test ratio for Tech Suppiles 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 eamed ratio for Tech Supplies for its fiscal year ended February 1 2020 Note For all requirements round your answers to 2 decimal places