Given the financial statements for Jones Corporation and Smith Corporation JONES CORPORATION Current Assets Cash Liabilities $ 25,900 Accourts payable Accounts receivable 81,500 Bonds payable (long term) 51,800 $ 149,000 80,300 Inventory Long-Term Assets Gross fixed assets Stockholders' Equity $ 514,000 155,900 Common stock Paid-in capital 150,000 70,000 68,000 $517,300 Less: Accumulated depreciation Net fixed assets Total assets 358,100 Retained earnings 517,300 Total liabilities and equty Sales (on credit) Cost of goods sold Gross profit Selling and administrative expense Depreciation expense Operating profit Interest expense Earrings before taxes Tax expense S 1,347,000 790,000 $ 557,000 337,000 51,600 S 168,400 S 151,900 102,400 $49,500 Net income Use net fixed assets in computing fixed asset turnover. tIncludes $15,400 in lease payments SMITH CORPORATION Current Assets Liabilities Cash Marketable securities Accounts receivable $ 39,100 Accounts payable S B0,300 217,000 Bonds payable (long term) 17,400 3,800 7 5,100 Long-Term Assets Stockholders' Equity Gross fixed assets $ 509,000 254,200 Common stock Paid-in capital $ 75,000 30,000 57,900 $ 460,200 Less: Accumulated depreciation Net fixed assets 254,800 Retained earnings $ 460,200 Total assets Total liabilities and equity Use net fixed assets in computing fixed asset turnover SMITH CORPORATION Sales (on credit) Cost of goods sold Gross prof Selling and administrative expense Depreciation expense Operating profit Interest expense Earnings before taxes Tax expense Net income $ 1,090,000 658,000 $ 432,000 256,000 56,600 $ 119,400 24, 100 5 95,300 59,100 $ 36,200 Includes $ 15,400 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.)