Answer numbers 1-4 using the information given. for each question also explain what the ratio indicates.

SP 13 Use the following selected data from Business Solutions's income statement for the three months ended March 31,20 its March 31, 2022, balance sheet to complete the requirements. Required 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio (round the percent to 2. Compute the current ratio and acid-test ratio (round to one decimal). 3. Compute the debt ratio and equity ratio (round the percent to one decimal). 4. What percent of its assets are current? What percent are long term? Round percents to one decimal