Given the financial statements for Jones Corporation and Smith Corporation:

JONES CORPORATION
Current Assets					Liabilities
Cash			$	21,400	Accounts payable	$	121,000
Accounts receivable				86,100	Bonds payable (long term)		89,700
Inventory				55,100
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	526,000			Common stock	$	150,000
Less: Accumulated depreciation		151,300			Paid-in capital		70,000
Net fixed assets*				374,700	Retained earnings		106,600
Total assets			$	537,300	Total liabilities and equity	$	537,300

Sales (on credit)	$	1,803,000
Cost of goods sold		760,000
Gross profit	$	1,043,000
Selling and administrative expense		333,000
Depreciation expense		53,300
Operating profit	$	656,700
Interest expense		8,300
Earnings before taxes	$	648,400
Tax expense		98,700
Net income	$	549,700

*Use net fixed assets in computing fixed asset turnover. Includes $16,200 in lease payments.

SMITH CORPORATION
Current Assets					Liabilities
Cash			$	37,000	Accounts payable	$	83,800
Marketable securities				10,200	Bonds payable (long term)		278,000
Accounts receivable				75,900
Inventory				79,800
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	566,000			Common stock	$	75,000
Less: Accumulated depreciation		259,500			Paid-in capital		30,000
Net fixed assets*				306,500	Retained earnings		42,600
Total assets			$	509,400	Total liabilities and equity	$	509,400

*Use net fixed assets in computing fixed asset turnover.

SMITH CORPORATION
Sales (on credit)	$	1,170,000
Cost of goods sold		659,000
Gross profit	$	511,000
Selling and administrative expense		292,000
Depreciation expense		50,300
Operating profit	$	168,700
Interest expense		26,300
Earnings before taxes	$	142,400
Tax expense		54,900
Net income	$	87,500

Includes $16,200 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