pla show each step and explain

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 $ 26,785 18,258 45,043 15,312 20,445 39,132 97,864 118,432 975 975 117,457 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! Reg 2 Rega 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 > Cous Total sales and revenue Cost of goods sold Net income Quick assets Current assets Total assets Current liabilities Total liabilities Total equity 18, 258 45,043 15,312 20,445 89,132 97,864 118,432 975 975 117,457 Required: 1. Compute the gross margin ratio (both with and without se 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 Complete this question by entering your answers in th- Req 1 Req 2 Reg 3 Reg 4 Compute the current ratio and acid-test ratio. (Round your ans Current ratio Acid-test ratio