Business
Business, 09.10.2019 16:20, jaquisjones68

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. bargain deal, inc. balance sheet at january 28, 2017 ($ in millions) assets current assets: cash and cash equivalents $ 2,066 short-term investments 1,314 accounts receivable (net) 1,207 inventory 5,060 other current assets 410 total current assets 10,057 long-term assets 3,678 total assets $ 13,735 liabilities and shareholders’ equity current liabilities: accounts payable $ 4,900 other current liabilities 3,375 total current liabilities 8,275 long-term liabilities 2,234 shareholders’ equity 3,226 total liabilities and shareholders’ equity $ 13,735 bargain deal, inc. income statement for the year ended january 28, 2017 ($ in millions) revenues $ 39,573 costs and expenses 38,162 operating income 1,411 other income (expense)* (74 ) income before income taxes 1,337 income tax expense 638 net income $ 699 *includes $161 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.

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