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

Required information The following information applies to the questions displayed below) 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 nadjusted Trial Balance January 31 Credit Debit $ 24,600 12,5e 6,000 2,100 42,700 $ 18,850 16,000 4,000 32,000 2,100 115,400 Cash Merchandise inventory Store supplies Prepaid insurance Store equipment Accumulated depreciation Store equipnent Accounts payable Common stock Retained earnings Dividends Sales Sales discounts Sales returns and allowances Cost of goods sold Depreciation expense-Store equipment Sales salaries expense office salaries expense Insurance expense Rent expense-Selling space Rent expense-office space Store supplies expense Advertising expense Totals 1,900 2,050 38,000 14,250 14,250 8,000 8.000 9,800 $186,250 5186,250 Additional Information