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. $27,093, net sales (of goods). $20,631; total sales and revenue, $47724: cost of goods sold, $13,062: net income. $18,861: quick assets, $88,636, current assets, $97,888, total assets, $120,224; current liabilities, $775; total liabilities, $775; and total equity. $119,449. 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 Reg2 Reg 3 Reg 4 Compute the gross maroin ratio (both with and without services revenue) and net profit margin ratio. (Round your percentage answers to I decimal place.) with Bervice Revenue % Without Service Revenue % Groun margin ratio Prey 1 of 4 # Next > Check my work 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 Req4 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 Hovinu % Without Service Havenue Grosirgin ratio Net profit margin ratio Reg 2 > my 1 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? 50 points Complete this question by entering your answers in the tabs below. eBook Print Reg 1 Reg 2 Reg 3 Reg 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio . 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 Reg 3 Req 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) % Debt ratio Equity ratio % WIGILIJI, VID, VOIHIL DI LUHIpce ure requirements Weruw. Lutes servicevere, IUJ, VENDOS Y $20,631: total sales and revenue. $47,724; cost of goods sold, $13,062; net income, $18.861: quick assets, $88,636; current assets $97,888; total assets. $120.224; current liabilities, $775; total liabilities, $775; and total equity. $119,449. 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 Reg 3 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 %
