7. 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	$	27,863
Net sales (of goods)		21,423
Total sales and revenue		49,286
Cost of goods sold		15,070
Net income		20,988
Quick assets		89,616
Current assets		95,168
Total assets		118,120
Current liabilities		750
Total liabilities		750
Total equity		117,370

Required: A. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. B. Compute the current ratio and acid-test ratio. C. Compute the debt ratio and equity ratio. D. What percent of its assets are current? What percent are long term?