Unadjusted Dates: Jan 31 to: Jan 31 Lewis Company Trial Balance January 31, 2017 Account Title Debit Credit $ 20,300 12,000 8,400 2.900 60,000 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation - Store equip. Accounts payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Salaries expense Rent expense Advertising expense Total 27,000 14,200 9.200 33,300 5,000 133,000 4,000 4,200 40,000 35.000 14,000 10,900 216,700 $ 216,700 4 Jan 31 Cost of goods sold Merchandise inventory 5 Jan 31 133,000 Sales Income summary 133.000 6 Jan 31 14,000 O Income summary Rent expense Advertising expense Store supplies expense Insurance exponse Salaries expenso Depreciation expense Store equip Sales discounts Sales returns and allowances Cost of goods sold 10,900 5,600 1,820 35,000 6,000 4.000 4.200 40,000 7 Jan 31 Income summary Retained earnings 121,520 121,520 8 Jan 31 Retained earrings Dividends Post-closing Lewis Company Income Statement For Year Ended January 31, 2019 Revenues: Net sales Expenses: Cost of goods sold $ Total selling expenses Total general and administrative expenses Total expenses Net income 0 $ 0 0 0 0 Requirement General Journal General Ledger Trial Balance Multiple Step IS Single Step IS Balance Shee Compute the following ratios as of January 31, 2017. Round each ratio to 2 decimal places. Dates: Jan 31 Current ratio Acid-test ratio Gross margin ratio