HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2018 ($ in 2005) Assets Cash Short-term investments...
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HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2018 ($ in 2005) Assets Cash Short-term investments Accounts receivable Inventories Property, plant, and equipment (net) Total assets Liabilities and Shareholders' Equity Current liabilities Long-term liabilities Paid-in capital Retained earnings Total liabilities and shareholders' equity 210 160 210 320 1,100 $2,000 410 360 800 430 $2,000 The company's 2018 income statement reported the following amounts ($ in 0 Net sales Interest expense Income tax expense Net income $4,700 50 110 170 5 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 p 1. Current ratio 2. Acid-test ratio Debt to equity ratio 3
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