Given the financial statements for Jones Corporation and Smith Corporation:

JONES CORPORATION
Current Assets					Liabilities
Cash			$	127,600	Accounts payable	$	119,000
Accounts receivable				87,100	Bonds payable (long term)		80,100
Inventory				54,300
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	594,000			Common stock	$	150,000
Less: Accumulated depreciation		155,700			Paid-in capital		70,000
Net fixed assets*				438,300	Retained earnings		288,200
Total assets			$	707,300	Total liabilities and equity	$	707,300

Sales (on credit)	$	1,835,000
Cost of goods sold		829,000
Gross profit	$	1,006,000
Selling and administrative expense		293,000
Depreciation expense		59,600
Operating profit	$	653,400
Interest expense		10,000
Earnings before taxes	$	643,400
Tax expense		95,900
Net income	$	547,500

*Use net fixed assets in computing fixed asset turnover. Includes $16,100 in lease payments.

SMITH CORPORATION
Current Assets					Liabilities
Cash			$	37,300	Accounts payable	$	76,500
Marketable securities				16,100	Bonds payable (long term)		237,000
Accounts receivable				74,700
Inventory				83,100
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	532,000			Common stock	$	75,000
Less: Accumulated depreciation		257,000			Paid-in capital		30,000
Net fixed assets*				275,000	Retained earnings		67,700
Total assets			$	486,200	Total liabilities and equity	$	486,200

*Use net fixed assets in computing fixed asset turnover.

SMITH CORPORATION
Sales (on credit)	$	1,090,000
Cost of goods sold		649,000
Gross profit	$	441,000
Selling and administrative expense		246,000
Depreciation expense		58,100
Operating profit	$	136,900
Interest expense		24,400
Earnings before taxes	$	112,500
Tax expense		47,000
Net income	$	65,500

Includes $16,100 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

Average collection period daysdays

Inventory turnovertimestimes Fixed asset turnover timestimes

Total asset turnovertimestimes

Current ratiotimestimes

Quick ratiotimestimes

Debt to total assets%%

Times interest earnedtimestimes

Fixed charge coveragetimestimes