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 $ $25,434$

Net sales $($of goods$)20,307$

Total sales and revenue $45,741$

Cost of goods sold $14,942$

Net income $18,069$

Quick assets $91,740$

Current assets $97,576$

Total assets $120,856$

Current liabilities $1,115$

Total liabilities $1,115$

Total equity $119,741$

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?