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. Credit Debit $ 13,850 15,000 5,200 2,300 42,680 $ 16,400 14, eee 4,000 27,000 NELSON COMPANY Unadjusted Trial Balance January 31 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 2,050 116,150 2,050 2,100 38,000 15,800 15,880 0 6,500 6,500 @ 9,800 $177,550 $177,550 Additional Information: a. Store supplies still available at fiscal year-end amount to $1,650. b. Expired insurance, an administrative expense, is $1,350 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,675 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, acid-test ratio, and gross margin ratio as of January 31. (Round your answers to 2 decimal places.) 1 Current ratio Acid-test ratio Gross margin ratio :1 :1