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The 2021 balance for Hallbrook Industries, Inc., is shown below. Cash$260 Short-term investments 210 Accounts receivable 260 Inventory 370 Property, plant, and equipment (net) 1,600

The 2021 balance for Hallbrook Industries, Inc., is shown below.

Cash$260

Short-term investments 210

Accounts receivable 260

Inventory 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 company's 2021 income reported the following amounts ($ in thousands):

Net sales $ 5,200

Interest expense 50

Income tax expense 160

Net income 220

Please use these information to

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.)

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