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

HALLWOOD INDUSTRIES, INC.
Balance Sheet
December 31, 2021
($ in thousands)
Assets
Cash	$	360
Short-term investments		310
Accounts receivable		360
Inventory		370
Property, plant, and equipment (net)		2,600
Total assets	$	4,000
Liabilities and Shareholders Equity
Current liabilities	$	560
Long-term liabilities		510
Paid-in capital		1,550
Retained earnings		1,380
Total liabilities and shareholders equity	$	4,000

The companys 2021 income statement reported the following amounts ($ in thousands):

Net sales	$	6,200
Interest expense		50
Income tax expense		150
Net income		320

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