“The 2021 balance sheet for hallbrook Industries, Inc., is shown below. HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2021 ($ in thousands) Assets Cash $ 240 Short-term investments 190 Accounts receivable 240 Inventory 330 Property, plant, and equipment (net) 1,400 Total assets $ 2,400 Liabilities and Shareholders’ Equity Current liabilities $ 440 Long-term liabilities 390 Paid-in capital 950 Retained earnings 620 Total liabilities and shareholders’ equity $ 2,400 The company’s 2021 income statement reported the following amounts ($in thousands): Net sales $5,000 Interest expense 40 Income tax expense 140 Net income 200 Required: Calculate the current ratio. (Round your answer to 2 decimal places.) Calculate the acid-test ratio. (Round your answer to 3 decimal places.) Calculate the debt to equity ratio. (Round your answer to 2 decimal places.) Calculate the times interest earned ratio. (Round your answer to 1 decimal places.)”

“ “The 2021 balance sheet for hallbrook Industries, Inc., is shown below. HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2021 ($ in thousands) Assets Cash $ 240 Short-term investments 190 Accounts receivable 240 Inventory 330 Property, plant, and equipment (net) 1,400 Total assets $ 2,400 Liabilities and Shareholders’ Equity Current liabilities $ 440 Long-term liabilities 390 Paid-in capital 950 Retained earnings 620 Total liabilities and shareholders’ equity $ 2,400 The company’s 2021 income statement reported the following amounts ($in thousands): Net sales $5,000 Interest expense 40 Income tax expense 140 Net income 200 Required: Calculate the current ratio. (Round your answer to 2 decimal places.) Calculate the acid-test ratio. (Round your answer to 3 decimal places.) Calculate the debt to equity ratio. (Round your answer to 2 decimal places.) Calculate the times interest earned ratio. (Round your answer to 1 decimal places.)” ”