Please explain how you achieved the solution. I am struggling with what is considered an asset and a liability with this problem. Thank you.

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 ExpenseStore Equipment, Sales Salaries Expense, Rent ExpenseSelling 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	$	22,650
Merchandise inventory		12,500
Store supplies		5,300
Prepaid insurance		2,300
Store equipment		42,500
Accumulated depreciationStore equipment				$	19,600
Accounts payable					13,000
Common stock					4,000
Retained earnings					32,000
Dividends		2,200
Sales					116,300
Sales discounts		1,900
Sales returns and allowances		2,250
Cost of goods sold		38,000
Depreciation expenseStore equipment		0
Sales salaries expense		14,600
Office salaries expense		14,600
Insurance expense		0
Rent expenseSelling space		8,500
Rent expenseOffice space		8,500
Store supplies expense		0
Advertising expense		9,100
Totals	$	184,900		$	184,900

Additional Information:

1. Store supplies still available at fiscal year-end amount to $2,750.
2. Expired insurance, an administrative expense, is $1,600 for the fiscal year.
3. Depreciation expense on store equipment, a selling expense, is $1,575 for the fiscal year.
4. To estimate shrinkage, a physical count of ending merchandise inventory is taken. It shows $11,000 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.)