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	$	29,746
Net sales (of goods)		20,337
Total sales and revenue		50,083
Cost of goods sold		15,724
Net income		19,470
Quick assets		88,040
Current assets		95,504
Total assets		119,632
Current liabilities		720
Total liabilities		720
Total equity		118,912

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?