Exercise 3-16 Calculating ratios [L03-8] The 2018 balance sheet for Hallbrook Industries, Inc., is shown below. Balance Sheet 31, 2018 Cash Short-tern investmente Accounta receivable Inventories Property, plant, and equipeent (net) s 200 150 200 350 1,000 1,900 Total assets Liabilities and Shareholders Equity Current liabilities Long-tern liabilities Paid-in capital s 400 350 750 400 Total liabilitien and shareholders equiey e 91,900 The company's 2018 income statement reported the following amounts ($ in 000s let sales Interest expense Iecome tax expense Net income 4,600 40 100 160 1. Cakculate 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.) C Prev 3 of5 Next > acBook Air 8 FS 8 2 3 4