• A company shows the following selected financial information from activities for the current year:

Gross sales	$225,000
Current assets	$40,000
Long-term assets	$100,000
Accounts Payable	$16,000
5 Year Note Payable	$44,000
Net Income	$7,200
Outstanding shares	5,000
Par value of shares	$9 per share
Retained Earnings	$35,000 (includes current net income)

Calculate the following from the above information provided:

1. Current ratio.
2. Debt-to-equity ratio.
3. Return on Owner's equity.
4. Earnings per share.