NELSON COMPANY Unadjusted Trial Balance January 31 Credit Debit $ 21,000 14,000 5,400 2,300 42,900 $ 20,000 15,000 3,000 27,000 2,050 116,550 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation-store equipment Accounts payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-Store equipment Sales salaries expense office salaries expense Insurance expense Rent expense-Selling space Rent expense-office space Store supplies expense Advertising expense Totals 1,950 2,250 38,000 0 13,500 13,500 0 7,500 7.500 0 9,700 $ 101.550 $ 181,550 Additional Information: a. Store supplies still available at fiscal year-end amount to $1,550. b. Expired insurance, an administrative expense, is $1,750 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,575 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,200 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. 11 Current ratio Acid-test ratio Gross margin ratio 1 21