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Chet 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, $27.170. net sales (of goods), S19 842 total sales and revenue. $47012, cost of goods sold. S14,100, net income, 519,275. quick assets, $91060: current assets, 595,896, total assets, $121,832. current liabilities. $970 total liabilities, $970, and total equity, $120.862 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 cent 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 Req3 Reg 4 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 Revenue % Without Service Revenue % Gross margin ratio Net profit margin ratio Reg 2 > MAY Complete this question by entering your answers in the tabs below. Reg 4 Reg 1 Req? Reg 3 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio yunyou 4. What percent of its assets are current? What percent are long term? Complete this question by entering your answers in the tabs below. Req1 Reg 2 Rede Ro94 Compute the debt ratio and equity ratio. (Round your percentage answarn to 1 decimal place.) % Debt ratio Equity ratio % Check my we 1 3. Loe uit UOLTOUU anu equyiduo, 4. What percent of its assets are current? What percent are long term? Complete this question by entering your answers in the tabs below. aped Reg 1 Reg 2 Reg 3 Reg4 what percent of its assets are current? What percent are long term? (Round your answers to the nearest whole percentage 00 Current assets Long-term assots

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