statement for the three months ended March 31, 2020, and from its
March 31, 2020, balance sheet to complete the requirements.
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?
- Use The Following Selected Data From Business Solutions S Income Statement For The Three Months Ended March 31 2020 An 1 (15.92 KiB) Viewed 27 times
Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Reg 4 Compute the current ratio and acid-test ratio. (Round your answers to 1 decimal place.) Current ratio Acid-test ratio < Req1 Req3 >
Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Reg 4 Compute the debt ratio and equity ratio. (Round your percentage answers to 1 decimal place.) Debt ratio % Equity ratio % < Req2 Req 4 >
Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Reg 3 Reg 4 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 % < Req3 Reg4