Pharaoh productions limited

Trial Balance

November 30, 2021

Debit. Credit

Cash. $389890

Account receivable. 1526560

Inventory. 3000000

Supplies. 36590

Prepaid rent. 13980

Equipment. 1391000

Accumulate depreciation- equipment credits $38315

Accounts payable. $1138260

Deferred revenue. 88550

Bank loan payable-non current. 1154000

Common shares. 567200

Retained earnings. 2414835

Divided declared. 108900

Sales. 15482800

Cost of goods sold. 8719640

Advertising expense. 434260

Freight out. 1032750

Office expense. 82370

Rent expense 153780

Salary expense. 3418870

Travel expense. 47700

Utilities expense. 55950

Interest expense. 71740

Income tax expense. 399980

December 31, 2021 adjusted trial balance

Debit. Credit

Cash. $141920

Account receivable 7510580

Inventory. 2233500

Supplies. 36590

Prepaid rent. 13980

Equipment. 1391000

Accumulate depreciation. $212190

Accounts payable. 3753630

Income tax payable. 111230

Interest payable. 5770

Salaries payable. 134910

Deferred revenue. 88550

Bank loan payable-non current 1154000

Common shares. 567200

Retained earnings. 2414835

Divided declared. $108900

Sales. $21769690

Cost of goods sold. 12467810

Advertising expenses 469380

Depreciation expense 173875

Freight out. 1032750

Office expense. 82370

Rent expenses. 167760

Salaries expenses. 3683510

Travel expense. 47700

Utility expenses. 61660

Interest expenses. 77510

Income tax expense 511210.

Totals. $30212005. $30212005

Prepare a statement of change in equity for the year ended December 31. No shares were issued in the period

calculate working capital, current ratio,

inventory turnover,

days in inventory

receivable turnover

average collection period

debt to total assets

debt to equity

gross profit

basic earnings per share( there were 1170000 common shares outstanding all year)

price earning ratio( the market price of the common shares was $36.9

profit margin

asset turnover

return on assets

return on equity