Required Information [The following information applies to the questions clisplayed below.] The following unedjusted 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 Salories 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 Debit Credit Cash $ 19,asa Merchandise inventory 13,000 Store supplies 5,480 Prepaid insurance 2,200 Store equipment 42,600 Accumulated depreciation Store equipment $ 17,380 Accounts payable 17.ee Common stock 5.ee Retained earnings 29.000 Dividends 2.250 Sales 114,850 Sales discounts 2.100 Sales returns and allowances 2,25a Cost of goods sold 38.000 Depreciation expense-Store equipment Sales salaries expense 14,928 office salaries expense 14,982 Insurance expense a Rent expense-Selling space 8,5ea Rent expense-office space 8.500 Store supplies expense Advertising expense 9.500 Totals $183,150 $183,150 e a Additional Information: a. Store supplies still available at fiscal year-end amount to $2.200. b. Expired insurance, an administrative expense, is $1,600 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 $10,800 of inventory is still available at fiscal year-end 4. Compute the current ratio, scid-test ratio, and gross mergin ratio es of January 31. (Round your answers to 2 decimal places.) Answer is complete but not entirely correct. Current ratio Acid-test ratio Gross margin ratio 2.05 1:1 1.12.1 3.20 :1