Reference no: EM132669288
Question - The 2021 balance for Hallbrook Industries, Inc., is shown below.
Cash $260
Short-term investments 210
Accounts receivable 260
Inventory 370
Property, plant, and equipment (net) 1,600
Total assets $2,700
Liabilities and Shareholders' Equity
Current liabilities $460
Long-term liabilities 410
Paid-in capital 1,050
Retained earnings 780
Total liabilities and shareholders' equity $2,700
The company's 2021 income reported the following amounts ($ in thousands):
Net sales $5,200
Interest expense 50
Income tax expense 160
Net income 220
Required - Please use these information to
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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