Question: Success Systems SP 17 Use the following selected data from Success Systems' income statement for the three months ended March 31, 2008, and from its

 Success Systems SP 17 Use the following selected data from Success

Success Systems SP 17 Use the following selected data from Success Systems' income statement for the three months ended March 31, 2008, and from its March 31, 2008, balance sheet to complete the requirements below: computer services revenue, $31,850; net (goods) sales, $20,345; total sales and revenue, $52.195; cost. of goods sold, $14,272; net income, $24,336; quick assets, $111,666; current assets, $116,371; total as- sets, $147,621; current liabilities, $1,050; total liabilities, $1,050; and total equity, $146,571. 714 Chapter 17 Analysis of Financial Statements Required I. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. 2. Compute the current ratio and acid-iest ratio. 3. Compute the debt ratio and equity ratio. 4. What percent of its assets are current? What percent are long term

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