Question
Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2020, and from its March 31, 2020, balance
Use the following selected data from Business Solutions's 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
Net sales (of goods)
Total sales and revenue
Cost of goods sold
Net income
Quick assets
Current assets
Toral assets
Current liabilities
Total liabilities
Total equity
$ 26,113
21,870
47,983
14,312
20,415
90,664
95,520
122,640
745
745
121,895
Required:
M. 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?
Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2020, and from March 31,2020 , balance sheet to complete the requirements. 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? Complete this question by entering your answers in the tabs below. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. (Round your percentage answers to 1 decimal place.) Complete this question by entering your answers in the tabs below. Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Complete this question by entering your answers in the tabs below. Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) Complete this question by entering your answers in the tabs below. What percent of its assets are current? What percent are long term? (Round your answers to the nearest whole percentage.)
Use the following selected data from Business Solutions's 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
Net sales (of goods)
Total sales and revenue
Cost of goods sold
Net income
Quick assets
Current assets
Toral assets
Current liabilities
Total liabilities
Total equity
$ 26,113
21,870
47,983
14,312
20,415
90,664
95,520
122,640
745
745
121,895
Required:
M. 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?
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Fundamentals Of Electric Circuits
Authors: Matthew Sadiku, Charles Alexander
3rd Edition
9780073301150
