Home /
Expert Answers /
Accounting /
tech-supplies-company-incorporated-is-a-leading-retailer-specializing-in-consumer-electronics-a-pa489
(Solved):
Tech Supplies Company, Incorporated, is a leading retailer specializing in consumer electronics. A ...
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 \( \$ 152 \) 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, \( 2020 . \)