Question: compute the gross margin ratio, the current ratio, the acid test ratio, the debt ratio and the equity ratio Use the following selected data from
compute the gross margin ratio, the current ratio, the acid test ratio, the debt ratio and the equity ratio
Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2022, and from is 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. 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? Complete this question by entering your answers in the tabs below
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