Given the financial statements for Jones Corporation and Smith Corporation JONES CORPORATION Current Assets Liabilities Cash Accounts receivable nven $123,300 Accounts payable $176,000 89,600 183,600 56,800 Bonds payable (long term) Long-Term Assets Stockholders' Equity Gross fixed assets $554,000 152,300 $150,000 70,000 279,800 $765,400 Total labilities and equity $765,400 Common stock Less: Accumulated depreciation Net fixed assets Paid-in capital 401,700 Retained earnings Total assets Sales (on credit) Cost of goods sold Gross profit Selling and administrative $1,255,000 678,000 577,000 355,000 nse 59,400 $ 162,600 Depreciation expense Operating profit Interest expense Earnings before taxes Tax expense Net income $ 151,300 82,500 $ 68,800 Use net fixed assets in computing fixed asset turnover tIncludes $12,700 in lease payments. SMITH CORPORATION Current Assets Liabilities Cash Marketable securities Accounts receivable nven S 44,000 Accounts payable 7,900 73,700 77,500 Bonds payable (long term) 290,000 Long-Term Assets Stockholders' Equity Gross fixed assets $557,000 251,800 $75,000 30,000 29,600 508,300 Total liabilities and equity $508,300 Common stock Less: Accumulated depreciation Net fixed assets Paid-in capital 305,200 Retained earnings Total assets "Use net fixed assets in computing fixed asset turnover SMITH CORPORATION Sales (on credit) Cost of goods sold Gross profit Selling and administrative $1,430,000 919,000 511,000 299,000 nse 57,500 154,500 Depreciation expense Operating profit Interest expense Earnings before taxes Tax expense Net income $ 123,900 59,900 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 Cor Smith Cor Profit margin Return on assets investments Return on equi Receivable turnover Average collection times times eriod Inventory turnover Fixed asset turnover Total asset turnover Current ratio Quick ratio Debt to total assets Times interest earned Fixed charge coverage days times times times times times days times times imes imes times times times times times