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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 | $ 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 2024 income statement reported the following amounts ($ in thousands):
Net sales | $ 4,600 |
---|---|
Interest expense | 40 |
Income tax expense | 100 |
Net income | 160 |
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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