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 $ 24,850 Merchandise inventory 13,500 Store supplies 5,700 Prepaid insurance 2,200 Store equipment 42,500 Accumulated depreciation-Store equipment $ 17,150 Accounts payable 14,000 Common stock 4,000 Retained earnings 35,000 Dividends 2,250 Sales 116,080 Sales discounts 1,850 Sales returns and allowances 2,200 Cost of goods sold 38,000 Depreciation expense-Store equipment Sales salaries expense 14,600 Office salaries expense 14,600 Insurance expense 0 Rent expense-Selling space 7,000 Rent expense-office space 7,000 Store supplies expense Advertising expense 9,900 Totals $186,150 $186,150 Additional Information: AUJU 2,200 38,000 JOLVASLUI Sales returns and allowances Cost of goods sold Depreciation expense-Store equipment Sales salaries expense Office salaries expense Insurance expense Rent expense-Selling space Rent expense-office space Store supplies expense Advertising expense Totals 14,600 14,600 0 7,000 7,000 8 9,900 $186,150 $186,150 Additional Information: a. Store supplies still available at fiscal year-end amount to $2,650. b. Expired insurance, an administrative expense, is $1,500 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 $10,600 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 Grons margin ratio 3.11:1 21