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Compute the owners equity

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Reference no: EM133020184

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

Q1-Compute the owners' equity.

Q2-Compute the current ratio.

Q3-Compute the debt-to-equity ratio.

Reference no: EM133020184

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