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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
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$ 28,962Net sales (of goods)19,962Total sales and revenue48,924Cost of goods sold12,128Net income18,822Quick assets89,296Current assets95,800Total assets122,240Current liabilities830Total liabilities830Total equity121,410What percent of its assets are current? What percent are long term?
Note: Round your answers to the nearest whole percentage.
Current assets %Long-term assets %Step by Step Solution
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