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The foliowing unadjusted trial balance is prepared at fiscal year-end for Neison Company. Nelson company uses a perpetual inventory system. It categorizes the following accounts

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The foliowing unadjusted trial balance is prepared at fiscal year-end for Neison 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, advertising expense. It categorizes the remaining expenses as general and administrative. Additional Information: a. Store supplies still available at fiscal year-end amount to $2,400. b. Expired insurance, an administrative expense, for the fiscal year is $1,400 c. Depreciation expense on store equipment, a selling expense, is $1,625 for the fiscal year. d. To estimate shtinkage, a physical count of ending merchandise inventory is taken. It shows $10,000 of inventory is stili available at fiscal year-end Additional Information: a. Store supplies still avallable at fiscal year-end amount to $2,400 b. Expired insurance, an administrative expense, for the fiscal year is $1,400. c. Deprectation expense on store equipment, a selling expense, is $1,625 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,000 of inventory is still avallable at fiscal year-end 4. Compute the current ratio, acidtest ratio, and gross margin ratio as of January 31. (Round your answers to 2 decimal places.)

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