The 2021 balance sheet for Hallbrook Industries, Inc., is shown below.

The company?s 2021 income statement reported the following amounts ($ in thousands):

Net sales .................................$4,600Interest expense ..........................40Income tax expense ..................100Net income .................................160

Required:Determine the following ratios for 2021:1. Current ratio2. Acid-test ratio3. Debt to equity ratio4. Times interest earned ratio

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HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2021 ($ in thousands) Assets $ 200 Cash 150 Short-term investments Accounts receivable 200 Inventory 350 Property, plant, and equipment (net) 1,000 $1,900 Total assets Liabilities and Shareholders' Equity $ 400 Current liabilities Long-term liabilities Paid-in capital Retained earnings 350 750 400 $1,900 Total liabilities and shareholders' equity