Serial Problem Business Solutions LO P3 Use the following selected data from Business Solutions'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 Net sales (of goods) Total sales and revenue Cost of goods sold Net income Quick assets Current assets Total asete Current abilities Total liabilities Total equity $ 25, 307 18,693 44.000 14,052 18,833 90.924 95,568 120,268 875 875 119,393 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? Prey 1 of 3 Next > 22 E 4 Complete this question by entering your answers in the tabs below. k Reg 1 Reg 2 Reg 3 Req 4 Compute the gross margin ratio (both with and without services revenue) and net profit marg answers to 1 decimal place.) ces With Service Revenue % Without Service Revenue % Gross margin ratio Net profit margin ratio % Reg 2 > Prey 1 of 3 Next > 11 122 V 0 EL LLUDUBIU. Reg 1 Req 2 Req 3 Reg 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place. Current ratio Acid-test ratio 1 of 3 Prey Contacts Next > NOV 122 Req 1 Reg 2 Reg 3 Reg 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 de nces Debt ratio % Equity ratio % Pr Google Chrome ! Ne Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Req 3 Req 4 What percent of its assets are current? What percent are long term? Round your answers to Current assets % Long-term assets %