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a. Store supplies still available at fiscal year-end amount to $1,500. b. Expired insurance, an administrative expense, is $1,550 for the fiscal year. c. Depreciation

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a. Store supplies still available at fiscal year-end amount to $1,500. b. Expired insurance, an administrative expense, is $1,550 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,650 for the d. To estimate shrinkage, a physical count of ending merchandise inventory is take available at fiscal year-end. 4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31. (Ro Current ratio 1.50 1 Acid-test ratio Gross margin ratio

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