On January $1,2024,$ the general ledger of TNT Fireworks Includes the following account balances:

During January $2024,$ the following transactions occur.

January $1$ Purchase equipment for $\backslash (\backslash$$ $20,300\backslash ).$ The company estimates a residual value of $\backslash (\backslash$$ $2,300\backslash )$ and a five$-$year service life.

January $4$ Pay cash on accounts payable, $\backslash (\backslash$$ $10,300\backslash ).$

January $8$ Purchase additional inventory on account, $\backslash (\backslash$$ $90,990\backslash ).$

January $15$ Receive cash on accounts receivable, $\backslash (\backslash$$ $22,800\backslash ).$

January $19$ Pay cash for salaries, $\backslash$$$30,600.$

January $28$ Pay cash for January utilities, $\backslash (\backslash$$ $17,300\backslash ).$

January $30$ Firework sales for January total $\backslash (\backslash$$ $228,090\backslash ).$ All of these sales are on account. The cost of the units sold is $\backslash (\backslash$$ $119,000\backslash ).$

The following information is avallable on January $31,2024.$

a$.$ Depreciation on the equipment for the month of January is calculated using the stralght$-$line method.

b$.$ The company records an adjusting entry for $\backslash (\backslash$$ $3,460\backslash )$ for estimated future uncollectible accounts.

c$.$ The company has accrued interest on notes recelvable for January.

d$.$ Unpald salarles owed to employees at the end of January are $\backslash (\backslash$$ $33,400\backslash ).$

e$.$ The company accrued income taxes at the end of January $\backslash (\backslash$$ $9,800\backslash ).$

Using the information from the requirements above, complete the 'Analysis' tab. $($Round final answers to $1$ decimal place.$)$

Analyze how well TNT Fireworks manages its assets:

$($a$)$ Calculate the return on assets ratio for the month of January. If the average return on assets for the industry in January is $\backslash (2\backslash \%\backslash ),$ is the company more or less profitable than other companies in the same industry?

$($b$)$ Calculate the profit margin for the month of January. If the industry average profit margin is $\backslash (5\backslash \%\backslash ),$ is the company more or less efficient at converting sales to profit than other companies in the same industry?

$($c$)$ Calculate the asset turnover ratio for the month of January. If the industry average asset turnover is $0\mathrm{.}4$ times per month, is the company more or less efficient at producing revenues with its assets than other companies in the same industry?