Given the financial statements for Jones Corporation and Smith Corporation:

JONES CORPORATION
Current Assets					Liabilities
Cash			$	25,800	Accounts payable	$	188,000
Accounts receivable				88,700	Bonds payable (long term)		80,400
Inventory				54,200
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	578,000			Common stock	$	150,000
Less: Accumulated depreciation		153,900			Paid-in capital		70,000
Net fixed assets*				424,100	Retained earnings		104,400
Total assets			$	592,800	Total liabilities and equity	$	592,800

Sales (on credit)	$	1,717,000
Cost of goods sold		782,000
Gross profit	$	935,000
Selling and administrative expense		283,000
Depreciation expense		53,300
Operating profit	$	598,700
Interest expense		10,000
Earnings before taxes	$	588,700
Tax expense		93,200
Net income	$	495,500

*Use net fixed assets in computing fixed asset turnover.

Includes $11,100 in lease payments.

SMITH CORPORATION
Current Assets					Liabilities
Cash			$	36,100	Accounts payable	$	84,700
Marketable securities				10,800	Bonds payable (long term)		251,000
Accounts receivable				77,300
Inventory				75,300
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	576,000			Common stock	$	75,000
Less: Accumulated depreciation		256,700			Paid-in capital		30,000
Net fixed assets*				319,300	Retained earnings		78,100
Total assets			$	518,800	Total liabilities and equity	$	518,800

*Use net fixed assets in computing fixed asset turnover.

SMITH CORPORATION
Sales (on credit)	$	1,540,000
Cost of goods sold		1,110,000
Gross profit	$	430,000
Selling and administrative expense		229,000
Depreciation expense		51,700
Operating profit	$	149,300
Interest expense		29,500
Earnings before taxes	$	119,800
Tax expense		40,100
Net income	$	79,700

Includes $11,100 in lease payments.

a.

Compute the following ratios. (Use a 360-day year. Do not round intermediate calculations. Input your profit margin, return on assets, return on equity, and debt to total assets answers as a percent rounded to 2 decimal places. Round all other answers to 2 decimal places.)

	Jones Corp.		Smith Corp.
Profit margin		%		%
Return on assets (investments)		%		%
Return on equity		%		%
Receivable turnover		times		times
Average collection period		days		days
Inventory turnover		times		times
Fixed asset turnover		times		times
Total asset turnover		times		times
Current ratio		times		times
Quick ratio		times		times
Debt to total assets		%		%
Times interest earned		times		times
Fixed charge coverage		times		times