Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2020, and from its March 31, 2020, 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 Current assets Total assets Current liabilities Total liabilities Total equity $ 29,046 18,780 47,826 13,328 18,810 89,984 97,968 119,104 900 900 118,204 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? Complete this question by entering your answers in the tabs below. Req1 Req 2 Reg 3 Reg 4 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. (Round your percentage answers to 1 decimal place.) With Service Revenue 0.7% Without Service Revenue 0.3: % Gross margin ratio Net profit margin ratio Complete this question by entering your answers in the tabs below. Req 1 Reg 2 Req 3 Reg 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio Complete this question by entering your answers in the tabs below. Real Req 1 Reaz Req 2 | Rea3 Req3 REGA Req 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) Debt ratio Equity ratio Complete this question by entering your answers in the tabs below. Req 1 Req 2. Reg 3 Req 3 Req 4 Rega What percent of its assets are current? What percent are long term? (Round your answers to the nearest whole percentage.) Current assets Long-term assets