current ratio?

Acid-test-radio

Gross margin ratio

Debit s Cash 1e,95e 14,see 5,889 2,409 42.999 Store supplies Prepaid insurance Store equipment Accumulated depreciation-Store equipment Accounts payable . Nelson, Capital 0. Nelson, Withdrawals Sales Sales discounts Sales returns and allowances Cost of goods sold 5 18,808 16,808 19,800 2.180 115,708 1,858 2,800 38,000 Salaries expense Insurance expense Rent expense Store supplies expense 25,see 14.000 Totals 5169,58 $169,586 Rent expense and salaries expense are equally dlvided between selling activitles and general and adminlstrative activities. Nelson Company uses a perpetual Inventory system. Additional Information: a. Store supplies still avallable at fiscal year-end amount to $2800. b. Expired Insurance, an administrative expense, for the fiscal year is $1,400. c. Depreclation expense on store equlpment, a selling expense, Is $1,625 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 avallable at fiscal year-end. 4. Compute the current ratio, acld-test ratio, and gross margin ratio as of January 31, 2017. (Round your answers to 2 decimal places.) Current ratio Acid-test ratio Gross margin ratio