analyze how well TNT fireworks manages its assets:

a-1calculate the return on assets ratio for the month of january.

a-2 if the average return on assetz for the industry in jamuary is 2%, is the company more or less profitable than other companies in the same industry?

b-1 calculate the profiy margin for the month of January. if the industry average profiy margin is 4%.

b-2 if the industry average profit margin is 4%, is the company more or less efficient at converting sales to profit than other companies in the same industry?

c-1 calculate the asser turnover ratio for the month of January. if the industry average asset turnover is 0.5 times per month.

c-2 if the indistry average asset turnover is 0.5 times per month, is the company more or less efficient at producing revenues with its assets than other companies in the same industry?

On January 1, 2021, the general ledger of TNT Fireworks includes the following account balances: Credit Debit $ 58,700 25,000 $ 2,200 Accounts Cash Accounts Receivable Allowance for Uncollectible Accounts Inventory Notes Receivable (5%, due in 2 years) Land Accounts Payable Common Stock Retained Earnings Totals 36,300 12,000 155,000 14,800 220,000 50,000 $287,000 $287,000 During January 2021, the following transactions occur January 1 Purchase equipment for $19,500. The company estimates a residual value $1,500 and a five-year service life. January 4 Pay cash on accounts payable, $9,500. January 8 Purchase additional inventory on account, $82,900. January 15 Receive cash on accounts receivable, $22,000. January 19 Pay cash for salaries, $29,800. January 28 Pay cash for January utilities, $16,500. January 30 Firework sales for January total $220,000. All of these sales are on a The cost of the units sold is $115,000. Information for adjusting entries: a. Depreciation on the equipment for the month of January is calculated using the straight-line method. b. The company estimates future uncollectible accounts. The company determines $3,000 of accounts receivable ary 31 are past due, and 50% of these accounts are estimated to be uncollectible. The remaining accounts rece n January 31 are not past due, and 3% of these accounts are estimated to be uncollectible. (Hint: Use the Janua ounts receivable balance calculated in the general ledger.) C. Accrued interest revenue on notes receivable for January d. Unpaid salaries at the end of January are $32,600. e. Accrued income taxes at the end of January are $9,000