Current Ratio:

Acid$-$Test Ratio:

Gross Margin Ratio:

Check my work The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. Nelson Company uses a perpetual inventory system. It categorizes the following accounts as selling expenses: Depreciation ExpenseStore Equipment, Sales Salaries Expense, Rent ExpenseSelling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remaining expenses as general and administrative. Part 2 of 2 NELSON COMPANY Unadjusted Trial Balance 4.2 $ 23,300 points 13, 42,800 eBook $ 19,400 13, Print 29, References 116, 38, 12,700 12,700 182,400 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciationStore Accounts payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold January 31 equipment Depreciation expenseStore equipment Sales salaries expense Office salaries expense Insurance expense Rent expenseSelling space Rent expenseOffice space Store supplies expense Advertising expense Totals Additional Information: Debit 5,400 2,600 2, 150 2,050 2,100 8, 8, 9,600 Credit 5, $ 182,400 a. Store supplies still available at fiscal year-end amount to $2,350.