NELSON COMPANY Unadjusted Trial Balance January 31, 2015

NELSON COMPANY Unadjusted Trial Balance January 31, 2015

Debit

Credit

Cash

$

24,900

Merchandise inventory

12,000

Store supplies

5,300

Prepaid insurance

2,200

Store equipment

42,600

Accumulated depreciationStore equipment

$

17,300

Accounts payable

15,000

Common stock

17,000

Retained earnings

18,000

Dividends

2,000

Sales

116,100

Sales discounts

1,900

Sales returns and allowances

2,200

Cost of goods sold

38,000

Depreciation expenseStore equipment

0

Salaries expense

30,200

Insurance expense

0

Rent expense

13,000

Store supplies expense

0

Advertising expense

9,100

Total

$

183,400

$

Rent expense and salaries expense are equally divided between selling activities and the general and administrative activities. Nelson Company uses a perpetual inventory system.

	Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31, 2015. (Round your answers to 2 decimal places.)

183,400