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Flynn Plastics Company reports the following data in its September 30, 2015, financial statements: Gross sales $225 000 Current assets $50 000 Long-term assets $130

Flynn Plastics Company reports the following data in its September 30, 2015, financial statements:

Gross sales $225 000

Current assets $50 000

Long-term assets $130 000

Current liabilities $33 000

Long-term liabilities $52 000

Net income $11 250

Compute the owners equity.

Compute the current ratio.

Compute the debt-to-equity ratio

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