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ELSON COMPANY Unadjusted Trial Balance January 31 Credit Dobit $ 26,350 14,000 5,200 2.300 42.900 Merchandise inventory store supplies Prepaid insurance Stors equipent Accumulated depreciation-store

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ELSON COMPANY Unadjusted Trial Balance January 31 Credit Dobit $ 26,350 14,000 5,200 2.300 42.900 Merchandise inventory store supplies Prepaid insurance Stors equipent Accumulated depreciation-store equipment Rocounts payable Common stock Betained earnings Dividende $ 16, 100 15,000 5.000 35.000 2.250 115.400 Salou discounts Sales return and allowance Coat of goods sold Depreciation expen-tore equipment sales salario mpense office salarisxpendo Intrance expense Rent expense-selling space Rent expense orice space store cupplies expense Advertising expende Totals 1,900 2.000 30,000 0 14,350 14,350 O 0.000 8.000 0 9.900 5189,500 $189,500 Additional Information: o. Store supplies still available at fiscal year-end amount to $2,300 b. Expired insurance, an administrative expense, is $1600 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1.550 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken It shows $10,800 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 Acid test ratio Gross margin ratio 1 1 0641

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