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 $ 26,200
Merchandise inventory 13,500
Store supplies 5,100
Prepaid insurance 2,100
Store equipment 42,500
Accumulated depreciation—Store equipment $ 18,050
Accounts payable 15,000
Common stock 5,000
Retained earnings 35,000
Dividends 2,100
Sales 116,550
Sales discounts 2,050
Sales returns and allowances 2,050
Cost of goods sold 38,000
Depreciation expense—Store equipment 0
Sales salaries expense 15,000
Office salaries expense 15,000
Insurance expense 0
Rent expense—Selling space 8,500
Rent expense—Office space 8,500
Store supplies expense 0
Advertising expense 9,000
Totals $ 189,600 $ 189,600

Additional Information:

Store supplies still available at fiscal year-end amount to $2,500.
Expired insurance, an administrative expense, is $1,700 for the fiscal year.
Depreciation expense on store equipment, a selling expense, is $1,650 for the fiscal year.
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.)