the following unadjusted trial balance is prepared at

View History Bookmarks Window Help Saved Help Save & Exit Submit Check my work January 31, 2017 Debit Cash Herchandise inventory 57,100 13.500 5,900 Store supplles rzepaid Insurance Store eqaipment Accunulated deprecLation-Store equ Accounts payable Connon stock Retained earnings Dividenda 42, 800 18,000 13,000 ,200 16,000 2,050 2.050 38, 000 29,400 12,000 116,500 Sales discounts Sales retarns and allowances t of goods Depreeiation expense-Store equipment Salaries expense hent expense Store supplies expense $166,700 $166.700 Rent expense and salaries expense are equally divided between selling activities and general and administrative activities. Nelison Company uses a perpetual inventory Additional Information: a. Store b. Expired insurance, an administrative expense, for the fiscal year is $1.550 e supplies stll available at fiscal year-end amount to $2,450 c. Depreciation expense on store equipment, a selling expense, is $1.550 for the fiscal 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, 2017 (Round your answers to 2 decimal places) K Prev 2f2 Next 6