Use the following selected data from Business Solutionss 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$ 28,885Net sales (of goods)19,575Total sales and revenue48,460Cost of goods sold15,020Net income20,292Quick assets88,264Current assets97,200Total assets120,008Current liabilities770Total liabilities770Total equity119,238

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?