Use the following selected data from Business Solutions’s income statement for the three months ended March 31, 2020, an
Posted: Mon Apr 25, 2022 7:34 am
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.
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. Req 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 percentage answers to 1 decimal place.) With Service Revenue Without Service Revenue % % Gross margin ratio Net profit margin ratio % < Req 1 Req2 >
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
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 29 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