"Flynn Plastics Company reports the following data in its May 30, 2020 financial statements: Gross...
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Accounting
"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 .
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