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[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

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[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 Credit Debit 3 29,400 14,000 5,100 2.400 43,000 + 12.200 16,00 5.000 33,000 2,250 114,250 Cash Merchandise Inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation-store equipment Accounts payable Comon 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 2,250 35,000 13,000 13,000 @ 7. 7.00 9,500 $187,950 $167.950 Additional Information a. Store supplies still available at fiscal year-end amount to $2.200 b. Expired insurance, an administrative expense, is $1,450 for the fiscal year. c. Depreciation 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 $10.500 of inventory is still available at fiscal year-end Additional Information . Store supplies still available at fiscal year-end amount to $2,200. b. Expired insurance, an administrative expense, is $1,450 for the fiscal year c. Depreciation expense on store equipment, a selling expense, is $1625 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken it shows $10,500 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 Gross margin ratio -1 :1

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