Question: Thanks! 1 Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2020, and from its March 31,




1 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 assets Current liabilities Total abilities Total city $ 27,835 20,139 47,974 14,533 20.053 90,640 95,760 122.168 900 900 121,17 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 Tatlo 4. What percent of its assets are current? What percentate long term 1 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. Reg 1 Reg 2 Reg 3 Reg 4 Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. (Round your per answers to 1 decimal place.) With Service Revenue % Without Service Revenue Gross margin ratio Net profit margin ratio 95 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. Reg 1 Rea 2 Reg 3 Req 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ra 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. Reg 1 Req 2 Reg 3 Reg 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) Debt ratio % Equity ratio 96 Required: 1. Compute the gross margin ratio (both with and without services revenue) a 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. Reg 1 Reg 2 Req 3 Reg 4 What percent of its assets are current? What percent are long term? (Round your Current assets % Long-term assets % Reg 3
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
