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Bargain Deal, Inc., is a leading retailer specializing in consumer electronics. A condensed income statement and balance sheet for the fiscal year ended January 30, 2016, are shown below Balance Sheet At January 30, 2016 Assets Current assets: Cash and cash equivalents Short-term investnents Accounts receivable, net Merchandise inventories Other current assets 2,136 1,321 1,242 ,067 424 10,190 3,713 Total current assets Long-tern assets Total assets $13,903 Liabilities and Shareholders' Equity Current liabilities: Accounts payable 5,250 4,075 9,325 2,248 2,330 $13,903 other current liabilities Total current liabilities Long-term liabilities Shareholders equity Total liabilities and shareholders' equity Bargain Deal, Inc. Income Statement For the Year Ended January 30, 2016 $39,608 38,169 1,439 Revenues Costs and expenses Operating income Other income (expense) 81) 1,358 743 Income before income taxes Income tax expense Net income $ 615 Drau Next > Income Statement Por the Year Ended January 30, 2016 Revenues sts and expenses Operating income $39,608 38,169 1,439 Other income (expense)* (81) Income before income taxes 1,358 743 Income tax expense Net income $615 Includes $224 of interest expense. Required: 1-a. Calculate the current ratio for Bargain Deal for its fiscal year ended January 30, 2016. 1-b. Calculate the acid-test ratio for Bargain Deal for its fiscal year ended January 30, 2016. 1-c. Calculate the debt to equity ratio for Bargain Deal for its fiscal year ended January 30, 2016. 1-d. Calculate the times interest earned ratio for Bargain Deal for its fiscal year ended January 30, 2016. (For all requirements, round your answers to 2 decimal places.) 8 Answer is complete but not entirely correct. 1- a. 1- 1.09 0.50 4.97 6.42 times Current ratio b. Acid-test ratio Debt to equity ratio Times interest earned C. d. ratio

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