10 Exercise 3-16 Calculating ratios [LO3-8] 5 The 2018 balance sheet for Hallbrook Industries, Inc, Is shown below. ints BALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2018 (S in 000a) Assets Skipped Cash Short-term investments Accounts receivable Inventories Property, plant, and equipment (net) $ 210 160 210 320 1,100 eBook Total ansets $2,000 Liabilities and Shareholders' Equity Hint Current liabilities Long-term liabilities Paid-in capital Retained earnings 410 360 800 430 Print Total liabilities and shareholders equity $2,000 The company's 2018 income statement reported the following amounts ($ in 000s) eferences $4,700 50 110 170 Net sales Interestexpense Income tax expense Net inoome Required: 1. Calculate the current ratio. (Round your answer to 2 decimal piaces.) 2. Calculate the acid-test ratio. (Round your answer to 3 decimal places.) 3. Calculate the debt to equity ratio. (Round your answer to 2 decimal places.) 4. Calculate the times interest earned ratio. (Round your answer to 1 decimal place.)