Check my work Serial Problem Business Solutions LO P3 Use the following selected data from Business Solutions's 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 Net sales (of goods) Total sales and revenue Cost of goods sold Net income Quick assets Current assets Total assets Current liabilities Total liabilities Total equity $ 29,620 20,790 50,410 14,404 20,664 91,204 96,200 119,416 795 795 118,621 Required: 1. Compute the gross margin ratio both with and without services revenue) and net profit margin ratio 2. Compute the current ratio and acid-test ratio 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term? Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. 2. Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term? Complete this question by entering your answers in the tabs below. Reg1 Reg 2 Reg 3 Reg 4 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. (Round your percentage answers to 1 decimal place.) With Service Revenue Without Service Revenue Gross margin ratio Net profit margin ratio Reg 2 > Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. 2. Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term? Complete this question by entering your answers in the tabs below. Reg 1 Req 2 Req3 - Reg 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. 2. Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req3 Req 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) Debt ratio Equity ratio Reg2 I Reqa > Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. 2 Compute the current ratio and acid-test ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term? Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req3 Reg 4 what percent of its assets are current? What percent are long term? (Round your answers to the nearest whole percentage.) Current assets Long-term assets & Req3