! Required information [The following information applies to the questions displayed below.] The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company. Nelson Company uses a 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 Cash Debit $ 18,400 Credit Merchandise inventory 14,500 Store supplies 5,900 Prepaid insurance 2,500 Store equipment 42,800 Accumulated depreciation-Store equipment $ 18,150 Accounts payable 17,000 Common stock 4,000 Retained earnings 31,000 Dividends 2,100 Sales 114,950 Sales discounts 1,800 Sales returns and allowances 2,200 Cost of goods sold 38,000 Depreciation expense-Store equipment 0 Sales salaries expense 15,100 Office salaries expense 15,100 Insurance expense 0 Rent expense-Selling space 8,500 Rent expense-Office space Store supplies expense Advertising expense Totals 8,500 0 9,700 $ 185,100 $ 185,100 Additional Information: a. Store supplies still available at fiscal year-end amount to $2,350. b. Expired insurance, an administrative expense, is $1,600 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,625 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,300 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 :1 Acid-test ratio :1 Gross margin ratio :1