SP $13$ Serial Problem Business Solutions $($Algo$)$ LO P$3$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$ $27,457$Net sales $($of goods$)18,183$Total sales and revenue$45,640$Cost of goods sold$13,564$Net income$19,092$Quick assets$89,780$Current assets$97,576$Total assets$119,200$Current liabilities$1,065$Total liabilities$1,065$Total equity$118,135$Required:Compute the gross margin ratio $($both with and without services revenue$)$ and net profit margin ratio.Compute the current ratio and acid$-$test ratio.Compute the debt ratio and equity ratio.What percent of its assets are current? What percent are long term? Prev Question $6$ of $6$ Total $6$ of $6$ Visit question mapThis is the last question in the assignment. To submit, use Alt $+$ S$.$