Required information The following information applies to the questions displayed below.) On January 1, 2021. the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, 31 par value Additional Paid in Capital Retained Earnings Yotal Debit Credit $ 42,700 44,500 7.500 64.000 $ 9,00 14,600 10,000 80,000 45.100 $158,700 $158,700 During January 2021, the following transactions occur January 3 Issue an additional 2,000 shares of $1 par value common stock for $40,000 Tamary Provide service to customers on account, $14,300 January 10 Purchase additional supplies on account, 54,900 January 12 Purchase 1,000 shares of treasury stock for 518 per share January 15 Pay cash on accounts payable, $16,500 January 21 Provide services to customers for cash, 349, 100 January 22 Receive cash on accounts receivable, $16,600 January 29 Declare a cash dividend of $0.30 per share to all shares outstanding on January 20. The dividend is payable on February 15. (Hint: Grand Finale Fireworks haid 10,000 shares outstanding on January 1, 2021, and dividends are not paid treasury stack) Zanuary 30 Revel 600 shares of trey stock for 50 per share Sanuary 11 Pay cash for salaris during January, 542,000 0-1. Calculate the return on equity for the month of January Return on Equity Patio Choose Denominator Choone Numerator Rutumn on quity to Return on equity 0-2. If the average retum on equity for the Industry for January is 25%, is the company more or less profitable than other companies in the same industry More profitable Less profitable 1. How many shares of common stock are outstanding as of January 31, 2021? Nurbure bilang 1. Calculate caminpet share for the month of January (int. To calculate average shares of common stock outstanding take the beginning the outstanding plus the ending shares outstanding and divide the total by 2.) Earings per the Choose Denominator Choose Emi Parth Earnings Por Show Required information [The following information applies to the questions displayed below.) On January 1, 2021, the general ledger of Grand Finale Fireworks includes the following account balances: Accounts Cash Accounts Receivable Supplies Equipment Accumulated Depreciation Accounts Payable Common Stock, 51 par value Additional Paid-an Capital Retained Earnings Totals Debit Credit $.42,700 44,500 7,500 64,000 $ 9,000 14,600 10,000 80,000 45,100 $158,700 $158,700 During January 2021, the following transactions occur January 7 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. January 10 Purchase additional supplies on account, 54,900 January 12 Purchase 1,800 shares of treasury stock for $18 per share. January 15 Pay cash on accounts payable, $16,500. January 21 Provide services to customers for cash. 549.100. January 2 Receive cash on accounts receivable, $16,600. January 29 Declare cash dividend of $0.30 per share to all shares outstanding on January 29. The dividend is payable on February 15. (Hint: Grand Finale Fireworks had 10,000 shares outstanding on January 1, 2021, and dividends are not paid on treasury stock.) January 30 Rosell 600 shares of treasury stock for $20 per share. January 31 Pay cash for salaries during January, $42,000. Return on Equity Ratio Choose Numerator Choose Denominator Return on Equity Ratio Return on equity . 3-2. If the average return on equity for the industry for January is 2.5%, is the company more or less profitable than other companie the same industry? More profitable Less profitable b. How many shares of common stock are outstanding as of January 31, 2021? imbul lock standing c-1. Calculate earnings per share for the month of January (Hint: To calculate average shares of common stock outstanding take the beginning shapes outstanding plus the ending shares outstanding and divide the total by 2.) Earnings Per Share Choose benaminator Choose Numerator Earnings Per Share Earnings Por Share