General Requirement Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Using the information from the requirements above, complete the 'Analysis' tab. (Enter your return on equity value to one decimal place and earnings per share value to 2 decimal places.) Analyze the following for Grand Finale Fireworks: (a) Calculate the return on equity for the month of January. If the average return on equity for the industry for January is 2.40%, 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? (b) How many shares of common stock are outstanding as of January 31, 2024? The number of common shares outstanding as of January 31, 2024 is % (c) 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 total by 2.) If earnings per share was $2.40 last year (i.e., an average of $0.20 per month), is earnings per share for January 2024 better or worse than last year's average? Earnings per share is: Is earnings per share for January 2024 better or worse than last year's average?
General Requirement Journal General Ledger Trial Balance Income Statement Balance Sheet Analysis Using the information from the requirements above, complete the 'Analysis' tab. (Enter your return on equity value to one decimal place and earnings per share value to 2 decimal places.) Analyze the following for Grand Finale Fireworks: (a) Calculate the return on equity for the month of January. If the average return on equity for the industry for January is 2.40%, 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? (b) How many shares of common stock are outstanding as of January 31, 2024? The number of common shares outstanding as of January 31, 2024 is % (c) 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 total by 2.) If earnings per share was $2.40 last year (i.e., an average of $0.20 per month), is earnings per share for January 2024 better or worse than last year's average? Earnings per share is: Is earnings per share for January 2024 better or worse than last year's average?
College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 1MP
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please answer in text form and in proper format answer with must explanation , calculation for each part and steps clearly
Transcribed Image Text:General
Requirement
Journal
General
Ledger
Trial Balance
Income
Statement
Balance Sheet Analysis
Using the information from the requirements above, complete the 'Analysis' tab. (Enter your return on equity value to one decimal place
and earnings per share value to 2 decimal places.)
Analyze the following for Grand Finale Fireworks:
(a) Calculate the return on equity for the month of January. If the average return on equity for the industry for January is 2.40%, 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?
(b) How many shares of common stock are outstanding as of January 31, 2024?
The number of common shares outstanding as of January 31, 2024 is
%
(c) 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 total by 2.) If earnings per share was $2.40 last year (i.e., an average of
$0.20 per month), is earnings per share for January 2024 better or worse than last year's average?
Earnings per share is:
Is earnings per share for January 2024 better or worse than last year's average?
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