Dasar Company reports the following data in its September 30, 2012 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
a. Compute the owners’ equity
b. Compute the current ratio
c. Compute the debt-to-equity ratio
d. Compute the return on sales
e. Compute the return on owners’ equity