Use the following selected data from Business Solutionss income statement for the three months ended March 31, 2020, and from its March 31, 2020, balance sheet to complete the requirements.

Computer services revenue	$	25,133
Net sales (of goods)		20,571
Total sales and revenue		45,704
Cost of goods sold		14,596
Net income		19,725
Quick assets		89,392
Current assets		96,720
Total assets		119,248
Current liabilities		1,160
Total liabilities		1,160
Total equity		118,088

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?

Req 1 Reg 2 Req3 Req 4 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 Reg 1 Req 2 Req3 Reg 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) Debt ratio Equity ratio Reg 1 Reg 2 Rega Req3 Rea 3 Req 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