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 $ 25,140 21,966 47,106 15,730 18,936 89,936 97,456 118,784 975 975 117,809 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? Req 1 Req 2 Req 3 Req 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 Without Service Revenue % % Gross margin ratio Net profit margin ratio % Req 1 Req 2 Req 3 Req 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio Req 1 Req 2 Reg 3 Req 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) Debt ratio % Equity ratio % Req 1 Req 2 Req 3 Req 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 %