The 2021 balance sheet for Hallbrook Industries, Inc., is shown below. 58:13 HALLBROOK INDUSTRIES, INC. Balance sheet December 31, 2021 ($ in thousands) Assets Cash Short-term investments Accounts receivable Inventory Property, plant, and equipment (net) Total assets Liabilities and shareholders' Equity Current liabilities Long-term liabilities Paid-in capital Retained earnings Total liabilities and shareholders' equity $ 220 170 220 390 1,200 $ 2,200 ok nces 420 370 850 560 $ 2,200 The company's 2021 income statement reported the following amounts ($ in thousands): Net sales Interest expense Income tax expense Net income $4,800 60 120 180 Net Sales Interest expense Income tax expense Net income $4,800 60 120 180 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 2.38 1.452 1. Current ratio 2. Acid-test ratio 3. Debt to equity ratio 4. Times interest earned ratio times