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5 of 2 ok nt nces Office salaries expense Insurance expense Rent expense Selling space...

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5 of 2 ok nt nces Office salaries expense Insurance expense Rent expense Selling space Rent expense Office space Store supplies expense Advertising expense Totals Additional Information 15 550 0 7 500 7 500 0 9 800 189 900 a Store supplies still available at fiscal year end amount to 2 550 b Expired insurance an administrative expense is 1 650 for the fiscal year c Depreciation expense on store equipment a selling expense is 1 600 for the fiscal year d To estimate shrinkage a physical count of ending merchandise inventory is taken It shows 10 800 of inventory is still available at fiscal year end 4 Compute the current ratio acid test ratio and gross margin ratio as of Note Round your answers to 2 decimal places Current ratio Acid test ratio Gross margin ratio 189 900 1 1 1 nuary 31

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