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

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.
Additional Information:
a. Store supplies still available at fiscal year-end amount to $2,100.
b. Expired insurance, an administrative expense, is $1,350 for the fiscal year.
c. Depreciation expense on store equipment, a selling expense, is $1,575 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 available at fiscal year-end.
4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31.
Note: Round your answers to 2 decimal places.
Answer is complete but not entirely correct.
\table[[Current ratio,2.28,:1
Current ratio please
Thank you
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