4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31. Note: Round your answers to 2 decimal places. Current ratio Acid-test ratio Gross margin ratio 1 1 NELSON COMPANY Unadjusted Trial Balance January 31 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 Debit Credit $ 19,800 1 14,500 5,300 2,600 42,500 $ 19,150 15,000 4,000 31,000 2,250 116,400 2,000 2,200 38,000 0 14,600 14,600 8 9,000 9,000 0 9,200 $ 185,550 $ 185,550 Additional Information: a. Store supplies still available at fiscal year-end amount to $3,000. b. Expired insurance, an administrative expense, is $1,450 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,550 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,500 of inventory is still available at fiscal year-end.