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 Merchandise inventory $ 17,550 12,000 Store supplies 5,500 Prepaid insurance 2,700 Store equipment 42,500 Accumulated depreciation-Store equipment $ 17,450 Accounts payable 15,000 Common stock Retained earnings 5,000 29,000 Dividends 2,050 Sales 114,600 Sales discounts 1,850 Sales returns and allowances 2,000 Cost of goods sold 38,000 Depreciation expense-Store equipment 0 Sales salaries expense 14,750 Office salaries expense 14,750 Insurance expense 0 Rent expense-Selling space Rent expense-Office space 9,000 9,000 0 Store supplies expense Advertising expense Totals Additional Information: 9,400 $ 181,050 $ 181,050 a. Store supplies still available at fiscal year-end amount to $2,100. b. Expired Insurance, an administrative expense, is $1,700 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,575 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise Inventory is taken. It shows $10,200 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