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. Credit $ 17,900 12,000 5,000 30,000 NELSON COMPANY Unadjusted Trial Balance January 31 Debit Cash $ 17, 750 Merchandise inventory 13,500 Store supplies 5, 400 Prepaid insurance 2,300 Store equipment 42,900 Accumulated depreciation-Store equipment Accounts payable Common stock Retained earnings Dividends 2, 100 Sales Sales discounts 2,050 Sales returns and allowances 2,100 Cost of goods sold 38,000 Depreciation expense-Store 0 equipment Sales salaries expense 15,000 Office salaries expense 15,000 Insurance expense 0 Rent expense-Selling space 7,000 Rent expense-Office space 7,000 Store supplies expense 0 Advertising expense 9,400 Totals $179,500 114, 600 $179,500 Additional Information: a. Store supplies still available at fiscal year-end amount to $1.950 b. Expired insurance, an administrative expense, is $1.400 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1.625 for the fiscal year. d. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $10,000 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.) Current ratio Acid-test ratio Gross margin 1:1 : 1 :1 ratio