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I need tutor help please CoursHeroTranscribedText: Use the following selected data from Business Solutions's...

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Accounting

I need tutor help please

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CoursHeroTranscribedText: Use the following selected data from Business Solutions's income statement for the three months ended March 31, 2016, and from its March 31, 2016, balance sheet to complete the requirements below: computer services revenue, $27,555; net sales (of goods), $19,500; total sales and revenue, $47,055; cost of goods sold, $14,270; net income, $18,966, quick assets, $89,064; current assets, $95, 488; total assets, $118, 120; current liabilities, $1, 160; total liabilities, $1, 160; and total equity, $116,960. Required: 1. Compute the gross margin ratio (both with and without services revenue) and net profit margin ratio. (Round your percentage answers to 1 decimal place.) With Service Without Service Revenue Revenue Gross margin ratio % % Net profit margin ratio % Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) Debt ratio % Equity ratio What percent of its assets are current? What percent are long term? (Round your answers to the nearest whole percentage. Current assets % Long-term assets

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