Gross margin ratio? (I tried .63 & 63%)

O You received partial credit in the previous attempt NELSON COMPANY Unadjusted Trial Balance January 31, 2017 Debit cash Merchandise invontory store supplies Prepaid insurance Store equipment Accumulated dopreciation-Store equipment Accounts payable Ccemon stock Retained earnings Dividends Sales Sales discounts Sales roturns and allowances Cost of goods sold Depreciation expense-store oquipment Salaries expense Insurance expense Rent expense Store supplies expense S 1,000 12, 500 5, 800 2,400 42,900 15,250 10,000 5,000 27,000 2,200 111, 950 2,000 2, 200 38,400 35, 000 15,000 9, 800 dvortising expense Total:s $169,200 $169,200 Rent expense and salaries expense are equally divided between selling activities and general and administrative activities Nelson Company uses a perpetual inventory system Additional Information: o. Store supplies still available at fiscal year-end amount to $1.750. b. Expired insurance, an administrative expense, for the fiscal year is $1.400. c. Depreciation expense on store equipment, a selling expense, is $1.525 for the fiscal year of 8 Next >