The 2016 balance sheet for Hallbrook Industries, Inc., is shown below HALLBROOK INDUSTRIES, INC Balance Sheet December 31, 2016 in 000s) Assets 270 Cash Short-term investments 220 Accounts receivable 270 Inventories 340 1,700 Property, plant, and equipment (net) $2,800 Total assets Liabilities and Shareholders' Equity 470 Current liabilities 420 Long-term liabilities Paid-in capital 1.100 Retained earnings 810 Total liabilities and shareholders' equity $2,800 The company's 2016 income statement reported the following amounts in 000s) $5,300 Net sales Interest expense 40 Income tax expense 170 230 Net income Required: 1. Calculate the current ratio. (Round your answer to 2 decimal places.) Current ratio 2. Calculate the acid-test ratio. (Round your answer to 2 decimal places.) cid-test ratio 3. Calculate the debt to equity ratio. (Round your answer to 2 decimal places. Debt to equity ratio