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(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

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, \( 2020 . \)


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The Current Ratio will be as follows:- Current Ratio=Current Assets / Current Liabilities=8,7258,125=1.07Times The Current Ratio is 1.07 Times
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