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

Use the following selected data from Business Solutionss income statement for the three months ended March 31, 2020, and from its March 31, 2020, balance sheet to complete the requirements.

Computer services revenue	$	25,307
Net sales (of goods)		18,693
Total sales and revenue		44,000
Cost of goods sold		14,052
Net income		18,833
Quick assets		90,924
Current assets		95,568
Total assets		120,268
Current liabilities		875
Total liabilities		875
Total equity		119,393