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. Please note that there are two revenue accounts: Computer services revenue and Net sales of goods. The gross margin ratio question asks you to calculate two gross margin ratios, one using total sales and revenue, the other using net sales of goods only You are required to calculate only one net profit margin ratio Computer services revenue Xet sales of goods Total sales and revenue Cost of coods sold Net Incone Calck stets Current issett Total asset Current llabilities Total liabilities Total equlty $ 29, 200 21. 465 50,005 14.616 20,955 88. 148 90,072 122.392 1.190 1,150 121. 202 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. Reg Reg 2 Reg 3 Req 4 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. (Round your percentage answers to 1 decimal place.) With Service Revenue Without Service Revenue Grossmaginatio 7 Quick assets Current assets Total assets Current liabilities Total liabilities Total equity 88,148 96, 072 122, 392 1,190 1.190 121, 202 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? 24:36 Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Reg 4 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. (Round your percentage answers to 1 decimal place.) With Service Without Service Revenue Revenue Gross margin ratio 96 96 Net profit margin ratio 90 Reg 2 > Net income Quick assets Current assets Total assets Current liabilities Total liabilities Total equity 20,955 88,148 96,072 122, 392 1,190 1.190 121. 202 24:18 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. Reg 1 Reg 2 Req3 Req 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio Saved ers 14, 15, 16, 17 Tet income Quick assets Current assets Total assets Current liabilities Total liabilities Total equity 20,955 88,148 90,072 122,392 1,190 1.190 121, 202 12 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. Reg 1 Reg 2 Reg 3 Reg 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) Debt ratio Equity ratio Lost 01 8000 SOLD Net Incore Quick assets Current assets Total assets Current liabilities Total liabilities Total equity 19,010 20,955 88,148 96,072 122,392 1.190 1,190 121, 202 19 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. Ro1 Reg 2 Reg 3 Reg 4 What percent of its assets are current? What percent are long term? (Round your answers to the nearest whole percentage.) Current assets Long-term assets 9 ( Req3