The 2018 balance sheet for Hallbrook Industries, Inc., is shown below.

HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2018 ($ in 000s)

Assets

Cash $ 200

Short-term investments 150

Accounts receivable 200

Inventories 350

Property, plant, and equipment (net) 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 companys 2018 income statement reported the following amounts ($ in 000s):

Net sales $ 4,600

Interest expense 40

Income tax expense 100

Net income 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

2. Acid-test ratio

3. Debt to equity ratio

4. Times interest earned ratio .........times