On January 1, 2018, the general ledger of Grand Finale Fireworks includes the following account balances During January 2018, the following transactions occur: January 2 Issue an additional 2,000 shares of $1 par value common stock for $40,000. January 9 Provide services to customers on account, $14,300. Purchase additional supplies on account, $4,900. January 10 Repurchase 1,000 shares of treasury stock for $18 per share. Pay cash on accounts payable, $16,500. January 12 Provide services to customers for cash, $49,100. Receive cash on accounts receivable, $16,600. January 15 Declare a cash dividend of $0.30 per share to all shares outstanding on January 29. January The dividend is payable on February 15. January 30 Reissue 600 shares of treasury stock for $20 per share. January 31 Pay cash for salaries during January, $42,000. Calculate the return on equity for the month of January. If the average return on equity for the industry for January is 2.5%, 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? How many shares of common stock are outstanding as of January 31, 2018? The number of common shares outstanding as of January 31, 2018 is Calculate earnings per share for the month of January. If earnings per share was $3.60 last year (i.e., an average of $0.30 per month), is earnings per share for January 2018 better or worse than last year's average? Earnings per share is: Is earnings per share for January 2018 better or worse than last year's average? previous next