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	$	25,028
Net sales (of goods)		18,309
Total sales and revenue		43,337
Cost of goods sold		13,786
Net income		20,550
Quick assets		90,120
Current assets		97,648
Total assets		120,632
Current liabilities		985
Total liabilities		985
Total equity		119,647

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?