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