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 Debit Credit Cash $ 22,900 Merchandise inventory 14,000 Store supplies 5,500 Prepaid insurance 2,800 Store equipment 42,900 Accumulated depreciation-Store equipment $ 16,450 Accounts payable 17,000 Common stock 5,000 Retained earnings 30,000 Dividends 2,050 Sales 116,300 Sales discounts 2,050 Sales returns and allowances 2,150 Cost of goods sold 38,000 Depreciation expense-Store equipment 0 Sales salaries expense 13,900 Office salaries expense 13,900 Insurance expense 0 Rent expense-Selling space 7,500 7,500 0 9,600 $ 184,750 $ 184,750 Rent expense-Office space Store supplies expense Advertising expense Totals Additional Information: a. Store supplies still available at fiscal year-end amount to $1,900. b. Expired insurance, an administrative expense, is $1,400 for the fiscal year. 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 $10,300 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.) Answer is complete but not entirely correct. Current ratio 2.15 ( :1 Acid-test ratio 1.34 0 :1 Gross margin ratio 62.80 :1