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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,
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 Net sales (of goods) Total sales and revenue Cost of goods sold Net income Quick assets $ 26,302 19,608 45,910 15,612 19,563 88,392 Current assets 95,144 Total assets 123,912 Current liabilities 985 Total liabilities 985 122,927 Total equity Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit argin 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? 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? Note: Round your answers to the nearest whole percentage. Current assets Long-term assets < Prev 7 of 8 Next >>
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