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

NELSON COMPANY Unadjusted Trial Balance January 31, 2017
	Debit			Credit
Cash	$	28,550
Merchandise inventory		15,000
Store supplies		5,900
Prepaid insurance		2,500
Store equipment		42,700
Accumulated depreciationStore equipment				$	19,450
Accounts payable					13,000
Common stock					3,200
Retained earnings					16,000
Dividends		2,250
Sales					143,450
Sales discounts		2,000
Sales returns and allowances		2,100
Cost of goods sold		38,000
Depreciation expenseStore equipment		0
Salaries expense		29,900
Insurance expense		0
Rent expense		17,000
Store supplies expense		0
Advertising expense		9,200
Totals	$	195,100		$	195,100

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:

1. Store supplies still available at fiscal year-end amount to $2,750.
2. Expired insurance, an administrative expense, for the fiscal year is $1,450.
3. Depreciation expense on store equipment, a selling expense, is $1,600 for the fiscal year.
4. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,200 of inventory is still available at fiscal year-end.

rev: 10_24_2018_QC_CS-145044

4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31, 2017. (Round your answers to 2 decimal places.)

rev: 10_10_2017_QC_CS-103837

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