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 $ 18,800 Merchandise inventory 13,000 Store supplies 5,100 Prepaid insurance 2,700 Store equipment 42,600 Accumulated depreciation-Store equipment $ 16, 450 Accounts payable 12,000 Common stock 6,000 Retained earnings 29,000 Dividends 2,300 Sales 115,650. Sales discounts 1,900 Sales returns and allowances 2,100 Cost of goods sold 38,000 Depreciation expense-Store equipment 0 Sales salaries expense 14,650 office salaries expense 14,650 Insurance expense 0 Rent expense-Selling space 7,000 Rent expense-office space 7,000 Store supplies expense. 0 Rent expense-Office space Store supplies expense Advertising expense Totals 7,000 0 9,300 $179,100 $179,100 Additional Information: a. Store supplies still available at fiscal year-end amount to $1,750. b. Expired insurance, an administrative expense, is $1,500 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,675 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,800 of inventory is still available at fiscal year-end. Problem 4-5A Part 4 4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31. (Round your answers to 2 decimal places.) Current ratio Acid-test ratio 1