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The 2024 balance sheet for Hallbrook Industries, Incorporated, is shown below. HALLBROOK INDUSTRIES, INCORPORATED Balance Sheet December 31, 2024 ($ in thousands) Assets Cash $
The 2024 balance sheet for Hallbrook Industries, Incorporated, is shown below. HALLBROOK INDUSTRIES, INCORPORATED Balance Sheet December 31, 2024 ($ in thousands) Assets Cash $ 380 Short-term investments 330 Accounts receivable 380 Inventory 310 Property, plant, and equipment (net) 2,800 Total assets $ 4,200 Liabilities and Shareholders Equity Current liabilities $ 580 Long-term liabilities 530 Paid-in capital 1,650 Retained earnings 1,440 Total liabilities and shareholders equity $ 4,200 The companys 2024 income statement reported the following amounts ($ in thousands): Net sales $ 6,400 Interest expense 60 Income tax expense 170 Net income 340 Required: Calculate the current ratio. Note: Round your answer to 2 decimal places. Calculate the acid-test ratio. Note: Round your answer to 3 decimal places. Calculate the debt to equity ratio. Note: Round your answer to 2 decimal places. Calculate the times interest earned ratio. Note: Round your answer to 1 decimal place
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