Total current liabilities 210600 long term

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Total current liabilities 210,600 Long-term liabilities: Notes payable 122,400 Bonds payable 258,000 Total long-term liabilities 380,400 Shareholders' equity: Common stock 354,000 Retained earnings 109,000 Total shareholders' equity 463,000 Total liabilities and shareholders' equity $1,054,000
Question 12 (of 12) The 2013 balance sheet for Hallbrook Industries, Inc., is shown below. HALLBROOK INDUSTRIES, INC. Balance Sheet December 31, 2013 ($ in 000s) Assets Cash $ 310 Short-term investments 260 Accounts receivable 310 Inventories 320 Property, plant, and equipment (net) 2,100 Total assets $3,300 Liabilities and shareholders’ equity Current liabilities $ 510 Long-term liabilities 460 Paid-in capital 1,300 Retained earnings 1,030 Total liabilities and shareholders’ equity $ 3,300 The company’s 2013 income statement reported the following amounts ($ in 000s): Net sales $ 5,700 Interest expense 100 Income tax expense 100 Net income 270 Required: Determine the following ratios for 2013: (The expected format for rounding your final answers is presented in each row of the table.) 1. Current ratio (#.##) 2.35 2. Acid-test ratio (#.##) 1.73 3. Debt to equity ratio (#.##) 0.42 4. Times interest earned ratio (#.#) 4.7 times

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