Compute the current ratio

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Question - A Company reports the following data in its financial statements. Compute the current ratio, debt-to-equity ratio, return on sales and the return on owner's equity.

Gross sales $200,000

Current assets $48,000

Long-term assets $100,000

Current liabilities $16,000

Long-term liabilities $44,000

Owner's equity $100,000

Net income $6,800

Reference no: EM133105508

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