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

$ $27,758$

Net sales $($of goods$)$

$20,172$

Total sales and revenue

$47,930$

Cost of goods sold

$12,888$

Net income

$19,311$

Quick assets

$89,360$

Current assets

$95,280$

Total assets

$118,336$

Current liabilities

$710$

Total liabilities

$710$

Total equity

$117,626$

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?