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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
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 $ 27,184 Net sales (of goods) 18,939 Total sales and revenue 46,123 Cost of goods sold 12,602 Net income 20,466 Quick assets 91,472 Current assets 96,464 Total assets 120,984 Current liabilities Total liabilities Total equity 120,109 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? 875 875 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 the band without caruiar roxo and not profit marnin ratin mplete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. answers to 1 decimal place.) With Service Without Service Revenue Revenue Gross margin ratio % Net profit margin ratio % Required Required 2 > Required 1 Required 2 Required 3 Required 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio 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 p Debt ratio % Equity ratio % Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Requrled 4 What percent of its assets are current? What percent are long term? (Round your an % Current assets Long-term assets %
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