Cash NELSON COMPANY Unadjusted Trial Balance January 31 Debit $ 17,000 12,000 Credit Merchandise inventory Store supplies 5,200 Prepaid insurance 2,800 Store equipment 42,900 Accumulated depreciation-Store equipment $ 16,150 Accounts payable 14,000 Common stock 3,000 Retained earnings 30,000 Dividends 2,200 Sales 114,950 Sales discounts 2,050 Sales returns and allowances 2,050 Cost of goods sold 38,000 Depreciation expense-Store equipment 0 Sales salaries expense 15,250 Office salaries expense 15,250 Insurance expense 0 Rent expense-Selling space 7,000 7,000 0 9,400 $ 178,100 $ 178,100 Rent expense-Office space Store supplies expense Advertising expense Totals Additional Information: a. Store supplies still available at fiscal year-end amount to $1,550. b. Expired insurance, an administrative expense, is $1,600 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,600 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,300 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.) Current ratio :1 :1 Acid-test ratio Gross margin ratio 0.66:1