Question: 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. 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
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