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

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The following unadjusted trial balance is prepared at fiscal year-end for Nelson Compary. Nelson Company uses a perpetual inventory system. It categorizes the followng accounts as selling expenses: Depreciation Expense-Store Equipment, Sales Salarles Expense, Rent Expense-Selling Space, Store Supplles Expense, and Advertsing Expense. it categorizes the remaining expenses as general and administrative. Adolitonal information: a. Store supplies still available at fiscal yearend amount to \$2.650. b. Expired insurance, an administrative expense, is $1.450 for the fiscal yeart. c. Depreciation expense on store equipment, a selling expense. is $1.650 for the fiscal yeat. d. To eatimate shrinkage, a plyskal count of ending merchandise inventiry is taken. it showa $10.200 of inventory ts still avatable at fiscal yearend. Problem 5.5A (Algo) Port 4 4. Compute the current ratlo, scidtect ravo. and gross marght railo as of January 3 , (Pound your answers to 2 decimal places)

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