Cash HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2021 ($ in thousands) Short-term investments. Accounts receivable Inventory Assets Property, plant, and equipment (net) $ 200 150 200 350 1,000 Total assets $1,900 Liabilities and Shareholders' Equity Current liabilities $ 400 Long-term liabilities 350 Paid-in capital 750 Retained earnings 400 Total liabilities and shareholders' equity $1,900 The company's 2021 income statement reported the following amounts ($ in thousands): Net sales Interest expense $4,600 40 Income tax expense Net income 100 160 Required: 1. 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.) 1. Current ratio 23 Acid-test ratio Debt to equity ratio 2.25 1.375 0.30 4. Times interest earned ratio: 7.5 times