Given the financial statements for Jones Corporation and Smith Corporation: Current Assets Cash Accounts receivable Inventory Long-Term Assets Gross fixed assets Less: Accumulated depreciation Net fixed assets* Total assets 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 JONES CORPORATION $ 22,000 81,100 50,000 526,000 150, 700 375,300 $ 528,400 $ 1,326,000 790,000 $ 536,000 304,000 59,800 $ 172,200 14,500 $ 157,700 99,600 $ 58,100 *Use net fixed assets in computing fixed asset turnover. tIncludes $13,500 in lease payments. Liabilities Accounts payable Bonds payable (long term) Stockholders Equity Common stock Paid-in capital Retained earnings Total liabilities and equity $ 127,000 85,600 $ 150,000 70,000 95,800 $ 528,400 Cash Marketable securities. Accounts receivable Inventory Total assets Gross fixed assets Less: Accumulated depreciation Net fixed assets* Current Assets Long-Term Assets Tax expense Net income *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. SMITH CORPORATION $ 504,000 255,800 $ 38,400 Accounts payable 12,700 74,300 83,700 248, 200 $ 457,300 $ 1,100,000 640,000 $ 460,000 272,000 56,500 $ 131,500 24,300 107, 200 56,500 $ 50,700 Liabilities Bonds payable (long term) Stockholders' Equity Common stock Paid-in capital Retained earnings Total liabilities and equity $ 83,300 217,000 $ 75,000 30,000 52,000 $ 457,300 Includes $13,500 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 Return on assets (investments) Return on equity Receivable turnover Average collection period Inventory turnover Fixed asset turnover Total asset turnover Current ratio Quick ratio Debt to total assets Times interest earned Fixed charge coverage Jones Corporation 4.38 % 11.00 % % 16.35 times days times times times times times % times times Smith Corporation 4.61 % 11.11% 14.80 times days times times times times times % times times