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The 2016 balance sheet for Hallbrook Industries, Inc., is shown below. HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2016 ($ in 000s) Assets Cash $

The 2016 balance sheet for Hallbrook Industries, Inc., is shown below.

HALLBROOK INDUSTRIES, INC.
Balance Sheet
December 31, 2016
($ in 000s)
Assets
Cash $ 260
Short-term investments 210
Accounts receivable 260
Inventories 370
Property, plant, and equipment (net) 1,600
Total assets $ 2,700
Liabilities and Shareholders Equity
Current liabilities $ 460
Long-term liabilities 410
Paid-in capital 1,050
Retained earnings 780
Total liabilities and shareholders equity $ 2,700
The companys 2016 income statement reported the following amounts ($ in 000s):
Net sales $ 5,200
Interest expense 50
Income tax expense 160
Net income 220

Required:
1. Calculate the current ratio. (Round your answer to 2 decimal places.)
2. Calculate the acid-test ratio. (Round your answer to 2 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.)

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