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 Please note that there are two revenue accounts: Computer services revenue and Net sales of goods. The gross margin ratio question asks you to calculate two gross margin ratios, one using total sales and revenue, the other using net sales of goods only. You are required to calculate only one net profit margin ratio. Computer services revenue $ 28,171 Net sales (of goods) 18,810 Total sales and revenue 46,981 Cost of goods sold 13,434 Net income 18,153 Quick assets 90,248 Current assets 95,376 Total assets 123,920 Current liabilities 1,005 Total liabilities 1,005 Total equity 122,915 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. Req 1 Reg 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 Without Service Revenue Revenue Gross margin ratio % Net profit margin ratio % % Rey 2 > 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. Reg 1 Reg 2 Reg 3 Reg 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio 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. Reg 1 Reg 2 Reg 3 Reg 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) % Debt ratio Equity ratio % 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. Reg 1 Reg 2 Reg 3 Reg 4 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 %