Use the following selected data from Business Solutionss income statement for the three months ended March 31, 2022, and from its March 31, 2022, balance sheet to complete the requirements.

Computer services revenue	$ 26,477
Net sales (of goods)	19,704
Total sales and revenue	46,181
Cost of goods sold	12,580
Net income	20,430
Quick assets	88,792
Current assets	97,856
Total assets	123,016
Current liabilities	990
Total liabilities	990
Total equity	122,026

Required: 1. 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		%

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		%