the 2018 balance sheet for Hallbrook Industries, Inc., is shown below.

Asked by bizgrad
Dated: 12th Nov'17 07:23 PM
Bounty offered: $10.00

The 2018 balance sheet for Hallbrook Industries, Inc., is shown below.

HALLBROOK INDUSTRIES, INC.
Balance Sheet
December 31, 2018
($ in 000s)
Assets
Cash $ 380
Short-term investments 330
Accounts receivable 380
Inventories 310
Property, plant, and equipment (net) 2,800
Total assets $ 4,200
Liabilities and Shareholders’ Equity
Current liabilities $ 580
Long-term liabilities 530
Paid-in capital 1,650
Retained earnings 1,440
Total liabilities and shareholders’ equity $ 4,200

The company’s 2018 income statement reported the following amounts ($ in 000s):


Net sales $ 6,400
Interest expense 60
Income tax expense 170
Net income 340

Required:
1. Calculate the current ratio. (Round your answer to 2 decimal places.)
2. Calculate the acid-test ratio. (Round your answer to 3 decimal places.)
3. Calculate the debt to equity ratio. (Round your answer to 2 decimal places.)
4. Calculate the times interest earned ratio. (Round your answer to 1 decimal place.)

The 2018 balance sheet for Hallbrook Industries, Inc., is shown below.
Answered by bizgrad
Expert Rating: 2370 Ratings
Dated: 12th Nov'17 07:23 PM
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attachments

Hallbrook_Industries.xlsx (37.22 KB)
Preview of Hallbrook_Industries.xlsx
/     dTimes   Earned ratio=rounded