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The balance sheet for hallbrook industries

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Reference no: EM13981286

The 2013 balance sheet for Hallbrook Industries, Inc., is shown below.

1229_68-b-a-a-c--2197-.png

The company's 2013 income statement reported the following amounts ($ in 000s):

Net sales ......................... $4600
Interest expense .................... $40
Income tax expense ............ $100
Net income .......................... $160
Required:

Determine the following ratios for 2013: 

1. Current ratio (#.##)
2.Acid-test ratio (#.##)
3.Debt to equity ratio (#.##)
4. Times interest earned ratio (#.#) __________times 

Reference no: EM13981286

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