Question: Please help me with the following problem, 4 part problem. Thank you! Serial Problem Business Solutions LO P3 Use the following selected data from Business

Please help me with the following problem, 4 part problem. Thank you!

Please help me with the following problem, 4 part problem. Thank you!Serial Problem Business Solutions LO P3 Use the following selected data fromBusiness Solutions's income statement for the three months ended March 31, 2018,and from its March 31, 2018, balance sheet to complete the requirements

Serial Problem Business Solutions LO P3 Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2018, and from its March 31, 2018, balance sheet to complete the requirements below: computer services revenue, $26,463; net sales (of goods), $21,939; total sales and revenue, $48,402; cost of goods sold, $13,560; net income, $18,240; quick assets, $89,252; current assets, $96,088; total assets, $121,112; current liabilities, $915; total liabilities, $915; and total equity, $120,197. Required: 1. Compute the gross margin ratio (both with and without services revenue) and net prot 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 thls question by enterlng your answers In the tabs below. Compute the gross margin ratio (both with and without services revenue) and net prot margin ratio. (Round your percentage answers to 1 decimal place.) -lll_l _EI_I Serial Problem Business Solutions LO P3 Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2018, and from its March 31, 2018, balance sheet to complete the requirements below: computer services revenue, $26,463; net sales (of goods), $21,939; total sales and revenue, $48,402; cost of goods sold, $13,560; net income, $18,240; quick assets, $89,252; current assets, $96,088; total assets, $121,112; current liabilities, $915; total liabilities, $915; and total equity, $120,197. Required: 1. Compute the gross margin ratio (both with and without services revenue) and net prot 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. Compute the current ratio and acid-test ratio. {Round your answers to 1 decimal place.) Acid-lest ratio - Serial Problem Business Solutions LO P3 Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2018, and from its March 31, 2018, balance sheet to complete the requirements below: computer services revenue, $26,463; net sales (of goods), $21,939; total sales and revenue, $48,402; cost of goods sold, $13,560; net income, $18,240; quick assets, $89,252; current assets, $96,088; total assets, $121,112; current liabilities, $915; total liabilities, $915; and total equity, $120,197. Required: 1. Compute the gross margin ratio (both with and without services revenue) and net prot 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 questlon by entering your answers In the tabs below. Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) _-I __l Serial Problem Business Solutions LO P3 Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2018, and from its March 31, 2018, balance sheet to complete the requirements below: computer services revenue, $26,463; net sales (of goods), $21,939; total sales and revenue, $48,402; cost of goods sold, $13,560; net income, $18,240; quick assets, $89,252; current assets, $96,088; total assets, $121,112; current liabilities, $915; total liabilities, $915; and total equity, $120,197. Required: 1. Compute the gross margin ratio (both with and without services revenue) and net prot 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 thls question by entering your answers In the tabs below. Req 1 Req 2 Req 3 - What percent of its assets are current? What percent are long term? (Round your answers to the nearest whole percentage.) Long-term assets

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