i ne following unadjusted thai balance is prepared at fiscal year-end for Nelson Company perpetual inventory system. It categorizes the following accounts as selling expenses: Depreciation Expense-Store Equipment Sales Salaries Expense, Rent Expense-Selling Space, Store Supplies Expense, and Advertising Expense. It categorizes the remaining expenses as general and administrative. NELSON COMPANY Unadjusted Trial Balance January 31 Debit Credit Cauh $ 25,600 Merchandise inventory 13,500 Store supplies 5,900 Prepaid insurance 2,500 Store equipment 42,800 Accumulated depreciation Store equipment $ 19,250 Accounts payable 18,000 Common stock 4,000 Retained earnings 35,000 Dividends 2,050 Sales 115,250 Sales discounts 1,900 Sales returns and allowances 2,050 Cost of goods sold 38,000 Depreciation expense-Store equipment 0 Sales salaries expense 15,050 Office salaries expense 15,050 Insurance expense 0 Rent expense-selling space 9.000 Rent expense-office space 9.000 Store supplies expense Advertising expense 9, 100 Totals $191,500 $191,500 Additional information: a. Store supplies still available at fiscal year end amount to $2,150 b. Expired insurance, on administrative expense, is $1,750 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 $10,100 of inventory is still Totals $191,500 $191,500 Additional Information: a. Store supplies still available at fiscal year-end amount to $2,150. b. Expired insurance, an administrative expense, is $1,750 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 $10,100 of inventory is still available at fiscal year-end, Problem 4.5A Part 4 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