Required information The following information applies to the questions displayed below) On January 1, 2021, the general ledger of Grand Finale Freworks includes the following account balances Credit Cash $ 40,400 Account Meceivable 47,900 Supplies 9,200 Equip 81.00 Accumulated Depreciation $ 10,700 Accounts Payable 16,100 Common Stock, 51 par value 17,000 Additional Paid in Capital 97,600 Retained Earnings Totals 5122,500 5103,500 Duning January 2021 the following transactions occur January 2 Issue an additional 2,10 set of 31 par value canon stock for 142,000. January 9 Provide services to customers on account. $19.00 Tanary I Purchase to suppliers account, 36,60 January 12 Purchase 1,200 shares of treasury stock for $20 per share January 15 Pay cash accounts payable, 518,200 January 11 Provide services to customers for cash, 550, January 12 Receive cash accounts receivable, 511.10 January Declarat dividend of a purtate all shares estadiary29. The dividend is payable on February 15. Grand Finale Fireworks ned 1, has outstand Mary 1, 2021, and dividents are not do they stock) January 3 seres of treasury stock for $12 per share. ary 11 Pay cash for salaries during ry, 14), 7. Analyze the following for Grand Finale Fireworks 6.1. Calculate the return on equity for the month of January 7. Analyze the following for Grand Finale Fireworks 2-1. Calculate the return on equity for the month of January Return on equily 0-2. If the average return on equity for the industry for January is 26%, is the company more or less profitable than other companies in the same industry O More profitable O Less profitable b. How many shares of common stock are outstanding as of January 31, 2021? er or common in Outstanding C.1. Calculate earnings per share for the month of January, Hunt To calculate average shares of common stock outstanding take the beginning shares outstanding plus the ending shares outstanding and divide the total by 2) 1. 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 totalt 2) Gamings Per Share c.2. If earnings per share was $240 last year (le, an average of $2.40 per month is earings per share for January 2021 better or worse than last year's average? O Better O Worse Required information The following information applies to the questions displayed below) On January 1, 2021, the general ledger of Grand Finale Freworks includes the following account balances Credit Cash $ 40,400 Account Meceivable 47,900 Supplies 9,200 Equip 81.00 Accumulated Depreciation $ 10,700 Accounts Payable 16,100 Common Stock, 51 par value 17,000 Additional Paid in Capital 97,600 Retained Earnings Totals 5122,500 5103,500 Duning January 2021 the following transactions occur January 2 Issue an additional 2,10 set of 31 par value canon stock for 142,000. January 9 Provide services to customers on account. $19.00 Tanary I Purchase to suppliers account, 36,60 January 12 Purchase 1,200 shares of treasury stock for $20 per share January 15 Pay cash accounts payable, 518,200 January 11 Provide services to customers for cash, 550, January 12 Receive cash accounts receivable, 511.10 January Declarat dividend of a purtate all shares estadiary29. The dividend is payable on February 15. Grand Finale Fireworks ned 1, has outstand Mary 1, 2021, and dividents are not do they stock) January 3 seres of treasury stock for $12 per share. ary 11 Pay cash for salaries during ry, 14), 7. Analyze the following for Grand Finale Fireworks 6.1. Calculate the return on equity for the month of January 7. Analyze the following for Grand Finale Fireworks 2-1. Calculate the return on equity for the month of January Return on equily 0-2. If the average return on equity for the industry for January is 26%, is the company more or less profitable than other companies in the same industry O More profitable O Less profitable b. How many shares of common stock are outstanding as of January 31, 2021? er or common in Outstanding C.1. Calculate earnings per share for the month of January, Hunt To calculate average shares of common stock outstanding take the beginning shares outstanding plus the ending shares outstanding and divide the total by 2) 1. 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 totalt 2) Gamings Per Share c.2. If earnings per share was $240 last year (le, an average of $2.40 per month is earings per share for January 2021 better or worse than last year's average? O Better O Worse