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 $ $25,735$

Net sales $($of goods$)18,633$

Total sales and revenue $44,368$

Cost of goods sold $13,430$

Net income $20,061$

Quick assets $89,016$

Current assets $96,296$

Total assets $118,680$

Current liabilities $700$

Total liabilities $700$

Total equity $117,980$

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?