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 $ $27,177$

Net sales $($of goods$)21,450$

Total sales and revenue $48,627$

Cost of goods sold $12,500$

Net income $20,490$

Quick assets $90,248$

Current assets $97,264$

Total assets $119,744$

Current liabilities $755$

Total liabilities $755$

Total equity $118,989$

Required:

Compute the gross margin ratio $($both with and without services revenue$)$ and net profit margin ratio.

Compute the current ratio and acid$-$test ratio.

Compute the debt ratio and equity ratio.

What percent of its assets are current? What percent are long term?