The following is the Trial Balance of Al Ahmed Enterprises Al Ahmed Enterprises Closing Stock Trial Balance December 31" 2020 Dr. Cr. Title of the accounts (Omani Rial) (Omani Rial) 1,362,000 Sales 6,000 Carriage outward Land and buildings at cost Building repairs 840,000 6,000 480,000 Purchases Stock as on 1" January 2020 Carriage on purchases 69,000 6,600 Furniture and fixtures at cost 126,000 12,000 90.000 9,600 Repairs and maintenance of furniture | Equipment's at cost Purchase returns | Salaries Insurance premium Bad debts Creditors 66,000 18,000 6,000 88,800 Cash at bank 60,000 Rent 36,000 Debtors 108,000 541,200 Capital Drawings Electricity expenses Total ...........155,000 ..... 57,600 14,400 2,085,600 2,085,600 You are required to prepare a) Income statement for the year ending 31" December 2020 b) Statement of Changing in equity for the year ending 31* December 2020 c) Balance sheet statement for the year ending 31" December 2020. d) Calculate the following ratios: a. Gross profit ratio b. Net profit ratio c. Current Ratio d. Quick Ratio e. Cash Conversion Cycle 22 June 2021 last day for submission