Reference no: EM132462293

Use the following selected data from Business Solution's 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....... $25,307 Net income.............. $18,833 Current liabilities............ $875

Net sales (of goods)................... $18,693 Quick assets........... $90,924 Total liabilities................ $875

Total sales and revenue............. $44,000 Current assets........ $95,568 Total equity................... $119,393

Cost of goods sold..................... $14,052 Total assets............. $120,268

Required

Question 1: Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio (round the percent to one deciamal).

Question 2: Compute the current ratio and acid-test ratio (round to one decimal)

Question 3: Compute the debt ratio and equity ratio (round the percent to one decimal)

Question 4: What percent of its assets are current? What percent are long term? Round percent to one decima

Attachment:- debt ratio.rar