Given the financial statements for Jones Corporation and Smith Corporation: JONES CORPORATION Current Assets Liabilities Cash $ 21,100 Accounts payable $ 131,000 Accounts receivable 81,600 Bonds payable (long term) 82,800 Inventory 58,700 Long-Term Assets Stockholders' Equity Gross fixed assets $ 571,000 Common stock $ 150,000 Less: Accumulated depreciation 155,200 Paid-in capital 70,000 Net fixed assets* 415,800 Retained earnings 143,400 Total assets $ 577,200 Total liabilities and equity $ 577,200 Sales (on credit) $ 1,892,000 Cost of goods sold 771,000 Gross profit $ 1,121,000 Selling and administrative expense 300,000 Depreciation expense 51,100 Operating profit $ 769,900 Interest expense 12,700 Earnings before taxes $ 757,200 Tax expense 97,100 Net income $ 660,100 *Use net fixed assets in computing fixed asset turnover. Includes $11,900 in lease payments. SMITH CORPORATION Current Assets Liabilities Cash $ 38,100 Accounts payable $ 76,600 Marketable securities 10,300 Bonds payable (long term) 218,000 Accounts receivable 73,100 Inventory 75,800 Long-Term Assets Stockholders' Equity Gross fixed assets $ 541,000 Common stock $ 75,000 Less: Accumulated depreciation 253,000 Paid-in capital 30,000 Net fixed assets* 288,000 Retained earnings 85,700 Total assets $ 485,300 Total liabilities and equity $ 485,300 *Use net fixed assets in computing fixed asset turnover. SMITH CORPORATION Sales (on credit) $ 1,190,000 Cost of goods sold 672,000 Gross profit $ 518,000 Selling and administrative expense 320,000 Depreciation expense 52,600 Operating profit $ 145,400 Interest expense 30,000 Earnings before taxes $ 115,400 Tax expense 57,900 Net income $ 57,500 Includes $11,900 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.)