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Just need help with the analysis on this one! On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances

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Just need help with the analysis on this one!

On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances Debit Credit Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, $1 par value Paid-in Capital-Excess of Par Retained Earnings $ 43,89e 46, 788 8,688 75,808 $ 18,19e 15, 790 11,80e 91,808 46,308 $174,18e 174, 188 Totals During January 2018, the following transactions occur: anary 2 Issue an additional 2,808 shares of $1 par value common stock for $48,88e anuary 9 Provide services to customers on account, $16,780 January 18 Purchase additional supplies on account, $6,868 January 12 Repurchase 1,3ee shares of treasury stock for $19 per share January 15 Pay cash on accounts payable, $17,68e January 21 Provide services to customers for cash, $58,288 January 22 Receive cash on accounts receivable, $17,788 January 29 Declare a cash dividend of $8.38 per share to all shares outstanding on January 29. The dividend is payable on February 15 (Hint: Grand Finale Fireworks had 11,88e shares outstanding on January 1, 2818 and dividends are not paid on treasury stock.) January 38 Reissue 888 shares of treasury stock for $21 per share anuary 31 Pay cash for salaries during January, $43,188 The following information is available on January 31, 2018. a. Unpaid utilities for the month of January are $7,300. b. Supplies at the end of January total $6,200. c. Depreciation on the equipment for the month of January is calculated using the straight-line method. At the time the equipment was purchased, the company estimated a service life of three years and a residual value of $11100. d. Accrued income taxes at the end of January are $2,200. Answer is not complete. General Ledger General RequirementJournal Trial Balance Balance Sheet Analysis Statement Using the information from the requirements above, complete the 'Analysis'. (Enter your Return on Equity value to one decimal place and earnings per share value to 2 decimal places.) the f 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 2.30%, is the company more or less profitable than other companies in the same industry? e 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, 2018? number of common shares as of January 31, 2018 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 per share was $3.60 last year (ie. an average of 50.30 per month), is earnings per share for January 2018 better or worse than last year's average? s per share is: s earnings per share for January 2018 better or worse than last year's average?

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