7 2 points The 2021 balance sheet for Halibrook Industries, Inc., is shown below. HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2021 ($ in thousands) Assets Cash $ 310 Short-term investments 26e Accounts receivable 318 Inventory 320 Property, plant, and equipment (net) 2,100 Total assets $ 3,300 Liabilities and Shareholders' Equity Current liabilities $ 51e Long-term liabilities 460 Paid-in capital 1,300 Retained earnings 1.ee Total liabilities and shareholders' equity $ 3,300 The company's 2021 income statement reported the following amounts (S in thousands): Net sales Interest expense Income tax expense Net income $5,700 100 1ee 278 Required: Calculate the current ratio. (Round your answer to 2 decimal places.) 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.) Answer is complete but not entirely correct. 1. Current ratio Acid-test ratio 2. 3. 2.35 1.725 0.45 X 4.7 times Debt to equity ratio Times interest earned ratio 4