Given the financial statements for Jones Corporation and Smith Corporation: JONES CORPORATION Current Assets Liabilities Cash Accounts receivable $ 123,300 183,600 Accounts payable Bonds payable (long term) $ 176,000 89,600 Inventory 56,800 Long-Term Assets Stockholders' Equity Gross fixed assets Less: Accumulated depreciation $ 554,000 152,300 Common stock Paid-in capital Net fixed assets* Total assets 401,700 $ 765,400 Retained earnings $ 150,000 70,000 279,800 Total liabilities and equity $ 765,400 Sales (on credit) Cost of goods sold Gross profit Selling and administrative expenset Depreciation expense Operating profit Interest expense Earnings before taxes Tax expense Net income $ 1,255,000 678,000 *Use net fixed assets in computing fixed asset turnover. tIncludes $12,700 in lease payments. $ 577,000 355,000 59,400 $ 162,600 11,300 $ 151,300 82,500 $ 68,800 SMITH CORPORATION Current Assets Liabilities Cash $ 44,000 Accounts payable Marketable securities Accounts receivable 7,900 Bonds payable (long term) $ 83,700 290,000 73,700 Inventory 77,500 Long-Term Assets Gross fixed assets Less: Accumulated depreciation $ 557,000 251,800 Common stock Paid-in capital Net fixed assets* Total assets 305,200 $ 508,300 Retained earnings Stockholders' Equity $ 75,000 30,000 29,600 Total liabilities and equity $ 508,300 *Use net fixed assets in computing fixed asset turnover. SMITH CORPORATION Sales (on credit) Cost of goods sold Gross profit Selling and administrative expenset Depreciation expense Operating profit Interest expense Earnings before taxes Tax expense Net income $ 1,430,000 919,000 $ 511,000 299,000 57,500 $ 154,500 30,600 $ 123,900 59,900 $ 64,000 Includes $12,700 in lease payments. Compute the following ratios. Note: 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. Profit margin Jones Corporation % Smith Corporation % 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