Use the following selected data from Business Solutionss 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 $ 25,665 Net sales (of goods) 21,804 Total sales and revenue 47,469 Cost of goods sold 13,292 Net income 20,544 Quick assets 91,052 Current assets 95,328 Total assets 120,496 Current liabilities 1,095 Total liabilities 1,095 Total equity 119,401 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?

Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.)