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The 2021 balance sheet for Hallbrook Industries, Inc., is shown below. HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2021 ($ in thousands) Assets Cash $

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

HALLBROOK INDUSTRIES, INC.
Balance Sheet
December 31, 2021
($ in thousands)
Assets
Cash $ 200
Short-term investments 150
Accounts receivable 200
Inventory 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 2021 income statement reported the following amounts ($ in thousands):

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.)

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