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Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2016, and from its March 31, 2016, balance

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Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2016, and from its March 31, 2016, balance sheet to complete the requirements below: computer services revenue, $28,304; net sales (of goods), $18,600; total sales and revenue, $46,904; cost of goods sold, $12,834; net income, $20,745; quick assets, $89,728; current assets, $96,22 current liabilities, $890; total liabilities, $890; and total equity, $121,126 4 total assets, $122,016 Required .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 Without Service Revenue Gross margin ratio 68.11% Net profit margin ratio 2. Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio 3. Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) Debt ratio Equity ratio 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

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