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Required information [ The following information applies to the questions displayed below. ] The following unadjusted trial balance is prepared at fiscal year - end

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