The following unadjusted trial balance is prepared at fiscal year-end for Nelson Company.

Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31, 2018. (Round your answers to 2 decimal places.)

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 Unadjusted Trial Balance January 31, 2018 Debit Credit $ 3,756 15,000 5,200 2,600 42,800 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 Salaries expense Insurance expense Rent expense $ 17,206e 17,000 3,400 17,000 2,250 114,850 1,900 2,050 38,000 29,900 16,000 10,000 tore supplies expense Advertising expense Totals $169,450 $169,450 Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Nelson Company uses a perpetual inventory system Additional Information: a. Store supplies still available at fiscal year-end amount to $2,600. b. Expired insurance, an administrative expense, for the fiscal year is $1,600. c. Depreciation expense on store equipment, a selling expense, is $1,600 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,900 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, 2018. (Round your answers to 2 decimal places Answer is complete but not entirely correct. Current ratio Acid-test ratio Gross margin 1.56 1 0.22 1 62 04 096 ratio