50 NELSON COMPANY Unadjusted Trial Balance January 31 Debit Credit Part 2 of 2 Cash $ 24,980 2 points Accumulated depreciation-store equipment J. Nelson, Capital Merchandise inventory Store supplies Prepaid insurance Store equipment Accounts payable 12,000 5,900 2,500 42,600 $ 17,650 16,000 34,000 J. Nelson, Withdrawals Sales 2,150 115,350 Sales discounts 2,000 Sales returns and allowances 2,050 Cost of goods sold 38,000 Depreciation expense-store equipment Sales salaries expense 13,000 office salaries expense 13,000 Insurance expense Rent expense-Selling space 7,500 Rent expense-office space 7,500 Store supplies expense Advertising expense Totals Additional Information: 9,900 $ 183,000 $ 183,000 a. Store supplies still available at fiscal year-end amount to $1,550. b. Expired Insurance, an administrative expense, is $1,350 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,575 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise Inventory is taken. It shows $10,100 of Inventory is still available at fiscal year-end. 4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Current ratio 2.76 :1 Acid-test ratio 1.56 :1 Gross margin ratio 0.62 :1