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On Janusry 1 , 2 0 2 4 , the general ledger of Freedom Fireworks includes the following sccount balances: During Januory 2 0 2
On Janusry the general ledger of Freedom Fireworks includes the following sccount balances:
During Januory the following transoctions occur:
January Issuc an additional shares of $ par valuc comnon stock for $
January Provide services to custoners on account, $
January Purchasc additional supplics on account, $
January Repurchase shares of treasury stock for $ per share.
January Pay cash cn accounts payable, $
January Provide services to customers for cash, $
January Receive cash on accounts reccivable, $
stock.
January Reissue shares of treasury stock for $ per share.
January Pay cash for salarics during January, $
The following information is ovailable on Jonuary
Unpoid utilities for the month of Janusry ore $
Supplies at the end of Jonuary total $
Deprecistion on the equipment for the month of Jonuary is colculated using the straightline method. At the time the equipment
was purchosed, the compony estimated a service life of three years and a residual value of $
Accrued income toxes at the end of Janusry are $
Answer is not complete.
Using the information from the requirements above, complete the 'Analysis'.
Note: Round "Return on Equity" value to decimal place and 'Earnings per share" value to decimal places.
Analyze the following for Freedom Flreworka:
a Calculate the return on equity for the month of January. If the average reburn an equity for the industry for January is is the
company mare or less profitable than ather comparnies in the same industry?
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