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:

Compute the gross margin ratio $($both with and without services revenue$)$ and net profit margin ratio.

Compute the current ratio and acid$-$test ratio.

Compute the debt ratio and equity ratio.

What percent of its assets are current? What percent are long term?