Given the financial statements for Jones Corporation and Smith Corporation:

JONES CORPORATION
Current Assets					Liabilities
Cash			$	123,300	Accounts payable	$	176,000
Accounts receivable				183,600	Bonds payable (long term)		89,600
Inventory				56,800
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	554,000			Common stock	$	150,000
Less: Accumulated depreciation		152,300			Paid-in capital		70,000
Net fixed assets*				401,700	Retained earnings		279,800
Total assets			$	765,400	Total liabilities and equity	$	765,400

Sales (on credit)	$	1,255,000
Cost of goods sold		678,000
Gross profit	$	577,000
Selling and administrative expense		355,000
Depreciation expense		59,400
Operating profit	$	162,600
Interest expense		11,300
Earnings before taxes	$	151,300
Tax expense		82,500
Net income	$	68,800

*Use net fixed assets in computing fixed asset turnover. Includes $12,700 in lease payments.

SMITH CORPORATION
Current Assets					Liabilities
Cash			$	44,000	Accounts payable	$	83,700
Marketable securities				7,900	Bonds payable (long term)		290,000
Accounts receivable				73,700
Inventory				77,500
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	557,000			Common stock	$	75,000
Less: Accumulated depreciation		251,800			Paid-in capital		30,000
Net fixed assets*				305,200	Retained earnings		29,600
Total assets			$	508,300	Total liabilities and equity	$	508,300

*Use net fixed assets in computing fixed asset turnover.

SMITH CORPORATION
Sales (on credit)	$	1,430,000
Cost of goods sold		919,000
Gross profit	$	511,000
Selling and administrative expense		299,000
Depreciation expense		57,500
Operating profit	$	154,500
Interest expense		30,600
Earnings before taxes	$	123,900
Tax expense		59,900
Net income	$	64,000

Includes $12,700 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.)