Question

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


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  • CreatedAugust 26, 2013
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