NELSON COMPANY Unadjusted Trial Balance January 31 Debit Credit Cash $ 24,200 Merchandise inventory 14,500 Store supplies 5,800 Prepaid insurance 2,300 Store equipment 42,600 Accumulated depreciation-Store equipment $ 18,250 Accounts payable 18,000 Common stock 5,000 Retained earnings 33,000 Dividends 2,150 Sales 115,050 Sales discounts 1,850 Sales returns and allowances 2,000 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 8,000 Rent expense-Office space 8,000 Store supplies expense Advertising expense Totals 0 9,800 $189,300 $189,300 Additional Information: a. Store supplies still available at fiscal year-end amount to $2,450. b. Expired insurance, an administrative expense, is $1,550 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,650 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,600 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 |:1 |:1 Gross margin ratio :1