Given the financial statements for Jones Corporation and Smith Corporation:

JONES CORPORATION
Current Assets					Liabilities
Cash			$	20,700	Accounts payable	$	145,000
Accounts receivable				89,400	Bonds payable (long term)		88,100
Inventory				55,500
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	594,000			Common stock	$	150,000
Less: Accumulated depreciation		152,600			Paid-in capital		70,000
Net fixed assets*				441,400	Retained earnings		153,900
Total assets			$	607,000	Total liabilities and equity	$	607,000

Sales (on credit)	$	1,344,000
Cost of goods sold		828,000
Gross profit	$	516,000
Selling and administrative expense		257,000
Depreciation expense		54,000
Operating profit	$	205,000
Interest expense		9,500
Earnings before taxes	$	195,500
Tax expense		95,700
Net income	$	99,800

*Use net fixed assets in computing fixed asset turnover.

Includes $11,700 in lease payments.

SMITH CORPORATION
Current Assets					Liabilities
Cash			$	38,100	Accounts payable	$	75,600
Marketable securities				10,700	Bonds payable (long term)		233,000
Accounts receivable				76,900
Inventory				81,700
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	516,000			Common stock	$	75,000
Less: Accumulated depreciation		252,500			Paid-in capital		30,000
Net fixed assets*				263,500	Retained earnings		57,300
Total assets			$	470,900	Total liabilities and equity	$	470,900

*Use net fixed assets in computing fixed asset turnover.

SMITH CORPORATION
Sales (on credit)	$	1,050,000
Cost of goods sold		606,000
Gross profit	$	444,000
Selling and administrative expense		276,000
Depreciation expense		55,700
Operating profit	$	112,300
Interest expense		23,600
Earnings before taxes	$	88,700
Tax expense		53,200
Net income	$	35,500

Includes $11,700 in lease payments.

a.

Compute FOR BOTH COMPANIES 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.)

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