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Enter your Return on Equity value to one decimal place and carings per share value to 2 decimal places. Analyze the following for Grand Finale

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Enter your Return on Equity value to one decimal place and carings per share value to 2 decimal places. Analyze the following for Grand Finale Fireworks: (a) Calculate the return on equity for the month of January. If the average return on equity for the industry for January is 2.50%, is the company more or less profitable than other companies in the same industry? The return on equity is % is the company more or less profitable than other companies (b) How many shares of common stock are outstanding as of January 31, 2021? The number of common shares outstanding as of January 31, 2021 is (c) Calculate earnings per share for the month of January (Hint To calculate average shares of common stock outstanding take the beginning shares outstanding plus the ending shares outstanding and divide the total by 2.) If earnings por share was $3 60 last year (o an average of SO 30 per month) is earnings per share for January 2021 botter or worse than last year's average? Earnings por sharois Is earnings por share for January 2021 botter or worse than last year's averago? On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances Accounts Debit Credit Cash $ 43,900 Accounts Receivable 46,900 Supplies 8,700 Equipment 76,000 Accumulated Depreciation $ 10,200 Accounts Payable 15,800 Common Stock, $1 par value 12,000 Additional Paid-in Capital 92,000 Retained Earnings 45,500 Totals $175,500 $175,500 During January 2021, the following transactions occur January 2 Issue an additional 2,100 shares of $1 par value common stock for $42,000. January 9 Provide services to customers on account, $17,200. January 10 Purchase additional supplies account, $6,100. January 12 Purchase 1,400 shares of treasury stock for $18 per share. January 15 Pay cash on accounts payable, $17,700. January 21 Provide services to customers for cash, $50,300. January 22 Receive cash on accounts receivable, $17,800. January 29 Declare a cash dividend of $0.40 per Share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 12,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 3 Resell 400 shares of treasury stock for $20 per share. January 31 Pay cash for salaries during January, $43,200. The following information is available on January 31, 2021 a Unpaid utilities for the month of January are $7,400 D. Supplies at the end of January total $6,300. c. Depreciation on the equipment for the month of January is calculated using the straightline method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $11.200 d. Accrued income taxes at the end of January are $2,300

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