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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. Computer services revenue Net sales (of goods) 50 points Black References Total sales and revenue Cost of goods sold Net incone Quick assets Current assets Total assets Current Liabilities. Total Liabilities Total equity Required: $26,225 19,578 45,803 13,482 20,112 80,336 97,600 118,064 1,190 1.1901 116,874 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. Required S Required 2 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. (Round your percentage anawers te 1 decimal place) Wish Service Without Bervice Gross margin ratio Net profit margin rato Check my wirk 50 points ellook Print Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2022, and from March 31, 2022, 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 Required: $26,225 19.578 45,883 13,482 20,112 88,336 97,600 118,064 1,190 1,190 116,874 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. References 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. Required 1 Required 2 Required 3 Required 4 Compute the current ratio and acid-test ratio. (Round your answers to I decimal place.) Current ratio Acid-test ratio Required! Required 3> Chuck my work 1 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 50 points eBook Print Heferences 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 Required: $26,225 19,578 45,803 13,482 20,112 88,336 97,600 118,064 1,190 1,198 116,874 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. Required 1 Required 2 Required 3 Required 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) Debt ratio Equity ratio % % Check my work 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. Computer services revenue Net sales (of goods) Ints Book Print Total sales and revenue Cost of goods sold Net income Quick assets Current assets Total assets Current liabilities Total liabilities Total equity Required: $26,225 19,578 45,803 13,482 20,112 88,336 97,600 118,864 1,198 1,190 116,874 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. References 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. Required 11 Required 2 Required 3 Required 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 % % Required 3 Check my work
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