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OOR SP 1/ Serial Problem Business Solutions (Algo) LOP3 Use the following selected data from Business Solutions's income statement for the three months ended March

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OOR SP 1/ Serial Problem Business Solutions (Algo) LOP3 Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2022, and from its March 31, 2022, balance sheet to complete the requirements. Computer services revenue $ 29,081 Net sales (of goods) 20,679 Total sales and revenue 49,760 Cost of goods sold 14.376 Net income 18, 126 Quick assets 89,456 Current assets 95,344 Total assets 121,920 Current liabilities 965 Total liabilities 965 Total equity 120,955 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? rint Fences 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. (Round your percentage answers to 1 decimal place) With Service Revenue % Without Service Revenue Gross margin ratio Net profit margin ratio % 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. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio WP 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 $ 29,081 20,679 49,760 14,376 18, 126 89,456 95,344 121,920 965 965 120,955 Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ra 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. (Round your percentage answers to 1 decimal place.) Debt ratio % Equity ratio % UIMILUJILLEN LUMIMILUMIILIT 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 $ 29,081 20,679 49,760 14,376 18, 126 89,456 95, 344 121,920 965 965 120,955 Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit 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? (Round your answers to Current assets % Long-term assets %

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