Use the following selected data from Business Solutions’s income statement for the three months ended March 31, 2019, and from its March 31, 2019, balance sheet to complete the requirements.

Required

1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio (round the percent to one decimal).

2. Compute the current ratio and acid-test ratio (round to one decimal).

3. Compute the debt ratio and equity ratio (round the percent to one decimal).

4. What percent of its assets are current? What percent are long term? (Round the percents to one decimal.)

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Computer sorvicos ravonuo $25,307 Not income.. $ 18,833 Currontliabilitios.. 875 Not salos (of goocs) 18,693 Quick assets. 90,924 Total liabilitios 875 Total sales and revenue 44,000 Current assets 95.568 Total eculty... 119,393 Cost of goods sold. 14,052 Total assets. 120,268