Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

i need help with Net profit margin ratio Use the following selected data from Business Solutions's Income statement for the three months ended March 31,

i need help with Net profit margin ratio image text in transcribed
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 $ 25, 307 18,693 44,000 14,052 18.933 90.924 95.568 120.268 875 875 119.393 Required: 1. Compute the gross margin ratio (both with and without services revende) 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 2 Reg 1 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 Without Service Revenue Revenue Gross margin ratio 68.1% 24.8% Net profit margin ratio %

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Handbook Of EDP Auditing

Authors: Michael A. Murphy, Xenia Ley Parker

2nd Edition

0791304116, 978-0791304112

More Books

Students also viewed these Accounting questions