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 Salarles 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 Credit Debit $ 26,900 14, eee 5,588 2,200 42,700 $ 19,550 16, eee 5, eee 32, eee 2,85e 115,100 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation-store equipment Accounts payable Common stock Retained earnings Dividends Sales Sales discounts 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 1,950 2,150 38,888 14,350 14,350 e 7,880 7,eee 9,500 $187,650 $187,650 Additional Information: a. Store supplies still available at fiscal year-end amount to $2,900. b. Explred Insurance, an administrative expense, is $1,650 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 $10,100 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.) 2.53:1 Current ratio Acid-test ratio Gross margin ratio :1 66.000:1