31-Oct-22 Debit Cloud 9, Inc.Trial Balance 31-Oct-21 Credit Debit Credit $ $ 13,446,154 70,485,625 6,123,884 64,867,910 $ 704,856 $ 648,679 55,100,000 13,419,231 2,857,692 9,265,385 103,803,846 57,900,000 13,805,769 3,584,615 6,446,154 97,576,923 39,761,538 35,207,692 3,723,007 3,851,923 8,410,849 Cash and cash equivalents Accounts receivable Allowance for doubtful accounts Inventory Investments (derivatives) Deferred income taxes (current) Prepaid expenses and other current assets Property, plant, and equipment Accumulated depreciation Identifiable intangible assets and goodwill Accumulated amortization Deferred income taxes and other assets (noncurrent) Current portion of long-term debt Notes payable Accounts payable Accrued liabilities Income taxes payable Long-term debt Deferred income taxes and other liabilities (noncurrent) Common stock at par value Capital stock in excess of par value Unearned stock compensation Accumulated other comprehensive income Beginning retained earnings Dividends Repurchases of common stock Revenue Cost of sales Selling and administrative Interest expense Other expense Income tax expense 300,125 34,823,077 22,561,538 24,150,000 3,726,923 17,119,106 4,330,769 107,692 16,484,615 9,557,692 2,115,385 21,376,923 14,986,457 25,803,846 2,211,539 23,661,538 4,915,384 111,538 19,415,385 253,846 5,011,538 122,857,692 3,866,838 4,627,381 277,338,461 169,346,154 79,092,308 1,438,461 453,846 9,511,538 555,260,542 $555,260,542 480,769 4,746,154 98,150,473 3,299,423 2,939,393 269,442,308 163,003,846 78,246,154 1,773,077 757,692 9,238,462 $ 527,052,997 $ $ 527,052,997 Cloud 9 Consolidated Statement of Income For the year ended 31-Jan-22 For the year ended i 31-Jan-21 $364,953,846 $345,965,385 C Revenues Costs and expenses: and evnenses Cost of sales Selling and administrative Interest expense Other (income/expense, net Total costs and expenses Income before income taxes Income taxes Net income $222,496,154 104,450,000 1,257,692 1,311,539 $207,838,462 100,246,154 1,730,769 796,154 310,611,539 35,353,846 329,515,385 35,438,461 12,757,692 $22,680,769 13,080,769 $22,273,077 Cloud 9 Consolidated Balance Sheet 31-Jan-22 31-Jan-21 $11,692,308 62,361,538 54,773,077 14,460,577 3,357,692 5,250,000 $9,780,769 60,361,539 55,615,385 14,852,885 3,288,461 7,276,923 $ 151,895,192 62,261,539 3,820,192 5,853,846 $223,830,769 $151,175,962 60,900,000 3,950,961 9,238,462 $225,265,385 Assets Current assets: Cash and cash equivalents Accounts receivable, less allowance for doubtful accounts of $2,773,077 and $2,515,385 Inventory Investments (derivatives) Deferred income taxes Prepaid expenses and other current assets Total current assets Property, plant, and equipment, net Identifiable intangible assets and goodwill, net Deferred income taxes and other assets Total assets Liabilities and Stockholders' Equity Current liabilties: Current portion of long-term debt Notes payable Accounts payable Accrued liabilities Income taxes payable Total current liabilities Long-term debt Deferred income taxes and other liabilities Stockholders' equity: Common stock at par value Capital in excess of par value Unearned stock compensation Accumulated other comprehensive income Retaining earnings Total stockholders' equity Total liabilties and stockholders'equity Includes dividends paid of $4,988,462 in 2022 and $5,119,231 in 2021. $207,692 28,896,154 20,615,385 18,157,692 842,308 $1,926,923 35,546,154 20,915,385 23,336,5811 582,650 $68,719,231 16,765,384 3,942,308 $82,307,693 18,088,462 4,253,846 107,692 17,669,231 (380,769) (5,850,000) 107,692 14,192,308 (450,000) (4,273,077) 111,038,461 122,857,692 134,403,846 $223,830,769 120,615,384 $225,265,385 Cloud 9 Condensed Cash Flow Statement Cash provided by operations Cash used by investing activities Cash used by financing activities Effect of exchange rate changes on cash Net increase in cash and cash equivalents Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year For the year ended 31-Jan-22 $25,250,000 -13, 165,385 - 13,457,692 3,284,616 1,911,539 9,780,769 $11,692,308 31-Jan-21 $26,907,692 -16,923,077 -9,696,154 1,873,077 2,161,538 7,619,231 $9,780,769 Perform analytical procedures using multiple ratios. Accurately compute at least 2 profitability ratios, 2 liquidity ratios, and 2 solvency ratios. Draws conclusions based on the ratios. Perform horizontal and vertical trend analysis. Prepares horizontal and vertical trend analyses and draws conclusions based on results. Identify areas of special emphasis. Identifies areas of special emphasis based on preliminary analytical procedures and other information collected so far