compute the current ratio, acid test ratio, and gross margin ratio as of jan 31

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4. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31 . Note: Round your answers to 2 decimal places. View transaction list View joumal entry worksheet Required 2> Required information Prepare a single-step income statement for the year ended January 31. Additional Information: a. Store supplies still available at fiscal year-end amount to $1,750. b. Expired insurance, an administrative expense, is $1,400 for the fiscal year. c. Depreciation expense on store equipment, a selling expense, is $1,525 for the fiscal year. 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