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 Debit Credit Cash $ 25,200 Merchandise inventory 14,500 Store supplies 5,400 Prepaid insurance 2,500 Store equipment 42,600 Accumulated depreciation-Store $ 17,050 equipment Accounts payable 18,000 Common stock 6,000 Retained earnings 31,000 Dividends 2,250 Sales 116,200 Sales discounts 2,000 Sales returns and allowances 2,000 Cost of goods sold 38,000 Depreciation expense-Store 0 equipment Sales salaries expense 15,850 Office salaries expense 15,850 Insurance expense 0 Rent expense-Selling space 6,500 Rent expense-Office space 6,500 Store supplies expense 0 Advertising expense 9,100 Totals $ 188,250 $ 188,250 Additional Information: a. Store supplies still available at fiscal year-end amount to $1,650. b. Expired Insurance, an administrative expense, is $1,700 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,500 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 Acid-test ratio Gross margin ratio :1 :1 :1