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Selected T accounts for Cullumber Esthetics on August 31, 2021, are as follows: B. Cullumber, Capital B. Cullumber, Drawings Aug. 1 Bal. 9,000 Aug. 15

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Selected T accounts for Cullumber Esthetics on August 31, 2021, are as follows: B. Cullumber, Capital B. Cullumber, Drawings Aug. 1 Bal. 9,000 Aug. 15 2,500 10 2,800 25 2,800 Aug. 31 Bal 11,800 Aug. 31 Bal. 5,300 Income Summary 7,800 Aug, 31 1 5,000 Aug. 31 Bal.7.200 Aug 31 Prepare a statement of owner's equity for the month ended August 2021. (List items that increase owner's equity first.) CULLUMBER ESTHETICS Statement of Owner's Equity Selected financial information is available for Pharoah Co. Year 1 Year 2 Year 3 Current assets Current liabilities 100,320 151,800 210,560 76,000 110,000 94,000 Your answer is correct. Calculate the working capital for Pharoah Co. for the three years. Working capital Year 1 $ 24320 Year 2 $ 41800 Year 3 $ 116560 Calculate the current ratio of Pharoah Co. for the three years. (Round answers to 2 decimal places, e.g. 15.26:1.) Current ratio Year 1 Year 2 Year 3 Comment on the trend of current ratio of Pharoah Co. Pharoah Co. show a trend of in the

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