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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,

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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 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 Total assets Current liabilities Total liabilities Total equity Required: $ 27,044 20,901 47,945 13,172 19,191 91,132 97,152 118,640 890 890 117,750 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. Required 1 Required 2 Required 3 Required 4 Compute the current ratio and acid-test ratio. Note: Round your answers to 1 decimal place. Current ratio Acid-test ratio < Required 1 Required 3 >

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