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NELSON COMPANY Unadjusted Trial Balance January 31, 2015

NELSON COMPANY Unadjusted Trial Balance January 31, 2015
	Debit		Credit
Cash	$	24,900
Merchandise inventory		12,000
Store supplies		5,300
Prepaid insurance		2,200
Store equipment		42,600
Accumulated depreciationStore equipment			$	17,300
Accounts payable				15,000
Common stock				17,000
Retained earnings				18,000
Dividends		2,000
Sales				116,100
Sales discounts		1,900
Sales returns and allowances		2,200
Cost of goods sold		38,000
Depreciation expenseStore equipment		0
Salaries expense		30,200
Insurance expense		0
Rent expense		13,000
Store supplies expense		0
Advertising expense		9,100
Total	$	183,400	$ Rent expense and salaries expense are equally divided between selling activities and the general and administrative activities. Nelson Company uses a perpetual inventory system. Compute the current ratio, acid-test ratio, and gross margin ratio as of January 31, 2015. (Round your answers to 2 decimal places.)	183,400

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