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SP 13 Serial Problem Business Solutions (Static) LO P3 Use the following selected data from Business Solutions's income statement for the three months ended
SP 13 Serial Problem Business Solutions (Static) LO P3 Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2022, and from March 31, 2022, 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 Required: $ 25,307 18,693 44,000 14.052 18,833 90,924 95,568 120,268 875 875 119,393 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. Required 1 Required 2 Required 3 Required 4 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. Note: Round your percentage answers to 1 decimal place. With Service Revenue Without Service Revenue < Prev 6 of 6 Next > Current assets 95,568 Total assets 120,268 Current liabilities 875 Total liabilities 875 119,393 Total equity 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. Required 1 Required 2 Required 3 Required 4 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. Note: Round your percentage answers to 1 decimal place. Gross margin ratio Net profit margin ratio With Service Revenue Without Service Revenue % % Net income Quick assets 18,833 90,924 Current assets 95,568 Total assets 120,268 Current liabilities 875 Total liabilities 875 Total equity 119,393 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. Required 1 Required 2 Required 3 Required 4 Compute the current ratio and acid-test ratio. Note: Round your answers to 1 decimal place. Current ratio Acid-test ratio < Required 1 Required 3> Net income Quick assets 18,833 90,924 Current assets 95,568 Total assets 120,268 Current liabilities 875 Total liabilities Total equity 875 119,393 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. Required 1 Required 2 Required 3 Required 4 Compute the debt ratio and equity ratio. Note: Round your percentage answers to 1 decimal place. Debt ratio Equity ratio < Required 2 Required 4 > Net income Quick assets 18,833 90,924 Current assets 95,568 Total assets 120,268 Current liabilities 875 Total liabilities Total equity 875 119,393 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. Required 1 Required 2 Required 3 Required 4 What percent of its assets are current? What percent are long term? Note: Round your answers to the nearest whole percentage. Current assets Long-term assets % % < Required 3 Pequired 4 >
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