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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,

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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, 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 iabilities. Total equity Required: $ 26,036 20,985 47,021 15,814 20.826 90,272 97,568 122,616 850 850 121,766 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. 02:54:53 Complete this question by entering your answers in the tabs below. Book rences Required 1 Required 2 Required 3 Required 4 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. (Roum answers to 1 decimal place.) With Service Revenue Without Service Revenue Gross margin ratio % % Net profit margin ratio % < Prev 1 of 14 Mauk Required 1 Required 2 Required 3 Required 4 Compute the current ratio and acid-test ratio. (Round your answers Current ratio Acid-test ratio < Required 1 ces Required 1 Required 2 Required 3 Required 4 Compute the debt ratio and equity ratio. (Round your percentage answ Debt ratio Equity ratio % % < Required 2 Re S Required 1 Required 2 Required 3 Required 4 What percent of its assets are current? What percent are long term Current assets Long-term assets % % < Required 3

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