Question: The 2011 balance sheet for Hallbrook Industries, Inc. is shown below. Required: Determine the following ratios for 2011: 1. Current ratio 2. Acid-test ratio 3.

The 2011 balance sheet for Hallbrook Industries, Inc. is shown below.

Required:
Determine the following ratios for 2011:
1. Current ratio
2. Acid-test ratio
3. Debt to equity ratio
4. Times interest earned ratio

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