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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 1,2024, the general ledger of Freedom Fireworks includes the following sccount balances:
During Januory 2024, the following transoctions occur:
January 2 Issuc an additional 2,10 shares of $1 par valuc comnon stock for $42,e.
January 9 Provide services to custoners on account, $17,200.
January 10 Purchasc additional supplics on account, $6,190.
January 12 Repurchase 1,499 shares of treasury stock for $18 per share.
January 15 Pay cash cn accounts payable, $17,7ee.
January 21 Provide services to customers for cash, $58,300.
January 22 Receive cash on accounts reccivable, $17,898.
stock.)
January 30 Reissue 4Ee shares of treasury stock for $2B per share.
January 31 Pay cash for salarics during January, $43,280.
The following information is ovailable on Jonuary 31,2024.
Unpoid utilities for the month of Janusry ore $7,400.
Supplies at the end of Jonuary total $6,300.
Deprecistion on the equipment for the month of Jonuary is colculated using the straight-line method. At the time the equipment
was purchosed, the compony estimated a service life of three years and a residual value of $11,200.
Accrued income toxes at the end of Janusry are $2,300.
Answer is not complete.
Using the information from the requirements above, complete the 'Analysis'.
Note: Round "Return on Equity" value to 1 decimal place and 'Earnings per share" value to 2 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 2.5%, is the
company mare or less profitable than ather comparnies in the same industry?
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