The 2 0 2 4 balance sheet for Hallbrook Industries, Incorporated, is shown below. HALLBROOK INDUSTRIES, INCORPORATED
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Question:
The balance sheet for Hallbrook Industries, Incorporated, is shown below.
HALLBROOK INDUSTRIES, INCORPORATED
Balance Sheet
December
$ in thousands
Assets
Cash $
Shortterm investments
Accounts receivable
Inventory
Property, plant, and equipment net
Total assets $
Liabilities and Shareholders Equity
Current liabilities $
Longterm liabilities
Paidin capital
Retained earnings
Total liabilities and shareholders equity $
The companys income statement reported the following amounts $ in thousands:
Net sales $
Interest expense
Income tax expense
Net income
Required:
Calculate the current ratio.
Note: Round your answer to decimal places.
Calculate the acidtest ratio.
Note: Round your answer to decimal places.
Calculate the debt to equity ratio.
Note: Round your answer to decimal places.
Calculate the times interest earned ratio.
Note: Round your answer to decimal place.
following amounts $ in thousands:
tableNet sales,$
Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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