Serial Problem Business Solutions LO P3 Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2018, and from its March 31, 2018, balance sheet to complete the requirements below. computer services revenue, $27,772; net sales (of goods). $20,121; total sales and revenue, $47,893; cost of goods sold, $13,720; net income, $19,812; quick assets. $90,016; current assets. $96.656; total assets, $123,264; current liabilities, $755; total liabilities, $755; and total equity, $122,509. 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. Req 1 Req 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.) Without Service Revenue 1 Gross margin ratio Net profit margin ratio With Service Revenue % % Reg 2 > 1 of 4 !! Next > Serial Problem Business Solutions LO P3 Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2018, and from its March 31, 2018, balance sheet to complete the requirements below. computer services revenue, $27,772; net sales (of goods). $20,121; total sales and revenue, $47,893; cost of goods sold, $13,720, net income, $19.812: quick assets, $90,016; current assets. $96,656. assets, $123,264; current liabilities, $755; total liabilities, $755; and total equity, $122,509. 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. Req 1 Reg 2 Reg 3 Req 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio Reg 3 > Prev 1 of 4 Next > Serial Problem Business Solutions LO P3 Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2018, and from its March 31, 2018, balance sheet to complete the requirements below.computer services revenue, $27,772; net sales (of goods). $20,121; total sales and revenue, $47,893; cost of goods sold, $13,720; net income, $19,812; quick assets, $90,016; current assets, $96,656; total assets, $123,264; current liabilities, $755; total liabilities, $755; and total equity, $122,509. 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. Req 1 Reg 2 Reg 3 Req 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) 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, 2018, and from its March 31, 2018, balance sheet to complete the requirements below. computer services revenue, $27,772: net sales (of goods). $20,121: total sales and revenue, $47,893; cost of goods sold, $13,720; net income. $19,812; quick assets, $90,016; current assets, $96,656; total assets, $123,264; current liabilities, $755; total liabilities, $755; and total equity, $122,509. 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. Req 1 Req 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 Longent assets
