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 $2\mathrm{.}5\%,$ is the

company mare or less profitable than ather comparnies in the same industry?