question archive Flynn Plastics Company reports the following data in its May 30, 2020 financial statements: Gross sales $225,000 Current assets $ 40,000 Long-term assets $100,000 Current liabilities $16,000 Long-term liabilities $44,000 Owners' equity $80,000 Net income $7,200 Number of common shares 5,000 Compute the following ratios: current ratio , debt-to-equity , return on owners’ equity , and earnings per share
Subject:AccountingPrice:3.87 Bought7
Flynn Plastics Company reports the following data in its May 30, 2020 financial statements:
Gross sales $225,000
Current assets $ 40,000
Long-term assets $100,000
Current liabilities $16,000
Long-term liabilities $44,000
Owners' equity $80,000
Net income $7,200
Number of common shares 5,000
Compute the following ratios: current ratio , debt-to-equity , return on owners’ equity , and earnings per share .
Purchased 7 times