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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 5 29,732 Net sales (of goods) 28,288 Total sales and revenue 58,812 Cost of goods sold 13,896 Net income 28,?15 Quick assets 91,244 Current assets 95,288 Total assets 119,348 Current liabilities 1,158 Total liabilities 1,158 Total equity 113,698 Required: 1. Compute the gross margin ratio [both with and without services revenue] and net profit margin ratio. 2 Compute the current ratio and acidtest ratio. 3. Compute the debt ratio and equityr 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. Reql Rqu Rqu Req4 Compute the gross margin ratio (both with and without services revenue) and net prot margin ratio. (Round your percentage answers to 1 decimal place.) Gross margin ratio Net prot margin ratio Reqz > 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 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 5 29,732 Net sales (of goods) 28,288 Total sales and revenue 58,812 Cost of goods sold 13,896 Net income 28,?15 Quick assets 91,244 Current assets 95,288 Total assets 119,348 Current liabilities 1,158 Total liabilities 1,158 Total equity 113,698 Required: 1. Compute the gross margin ratio [both with and without services revenue] and net profit margin ratio. 2. Compute the current ratio and acidtest ratio. 3. Compute the debt ratio and equityr ratio. 4. What percent of its assets are current? What percent are long term? Complete this question by entering wur answers in the tabs below. Compute the content Iatio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio 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 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 5 29,732 Net sales (of goods) 28,280 Total sales and revenue 58,812 Cost of goods sold 13,896 Net income 28,715 Quick assets 91,244 Current assets 95,208 Total assets 119,340 Current liabilities 1,159 Total liabilities 1,158 Total equity 113,699 Required: 1. Compute the gross margin ratio [both with and without services revenue] and net profit margin ratio. 2 Compute the current ratio and acidtest ratio. 3. Compute the debt ratio and equ'rty ratio. 4. What percent of its assets are current? What percent are long term? Complete this question by entering your answers in the hubs below. Debt ratio Equity ratio 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 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 requilements. Computer services revenue 5 29,732 Net sales (of goods) 28,256 Total sales and revenue 58,812 Cost of goods sold 13,696 Net income 28,715 Quick assets 91,244 Current assets 95,208 Total assets 119,346 Current liabilities 1,158 Total liabilities 1,156 Total equity 113,690 Required: 1. Compute the gross margin ratio [both with and without services revenue) and net profit margin ratio. 1 Compute the current ratio and acidtest ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long telm? Complete this quation by entering your answers in the tabs below. Current assets Longtem'l assets
