Given the financial statements for Jones Corporation and Smith Corporation:

JONES CORPORATION
Current Assets					Liabilities
Cash			$	81,900	Accounts payable	$	136,000
Accounts receivable				188,000	Bonds payable (long term)		89,500
Inventory				51,200
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	555,000			Common stock	$	150,000
Less: Accumulated depreciation		151,000			Paid-in capital		70,000
Net fixed assets*				404,000	Retained earnings		279,600
Total assets			$	725,100	Total liabilities and equity	$	725,100

Sales (on credit)	$	1,255,000
Cost of goods sold		816,000
Gross profit	$	439,000
Selling and administrative expense		266,000
Depreciation expense		55,500
Operating profit	$	117,500
Interest expense		10,000
Earnings before taxes	$	107,500
Tax expense		96,200
Net income	$	11,300

*Use net fixed assets in computing fixed asset turnover. Includes $11,700 in lease payments.

SMITH CORPORATION
Current Assets					Liabilities
Cash			$	39,400	Accounts payable	$	84,000
Marketable securities				10,900	Bonds payable (long term)		233,000
Accounts receivable				72,300
Inventory				76,900
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	561,000			Common stock	$	75,000
Less: Accumulated depreciation		259,700			Paid-in capital		30,000
Net fixed assets*				301,300	Retained earnings		78,800
Total assets			$	500,800	Total liabilities and equity	$	500,800

*Use net fixed assets in computing fixed asset turnover.

SMITH CORPORATION
Sales (on credit)	$	1,790,000
Cost of goods sold		1,270,000
Gross profit	$	520,000
Selling and administrative expense		315,000
Depreciation expense		51,500
Operating profit	$	153,500
Interest expense		21,900
Earnings before taxes	$	131,600
Tax expense		52,900
Net income	$	78,700

Includes $11,700 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.)

Given the financial statements for Jones Corporation and Smith Corporation:

JONES CORPORATION
Current Assets					Liabilities
Cash			$	81,900	Accounts payable	$	136,000
Accounts receivable				188,000	Bonds payable (long term)		89,500
Inventory				51,200
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	555,000			Common stock	$	150,000
Less: Accumulated depreciation		151,000			Paid-in capital		70,000
Net fixed assets*				404,000	Retained earnings		279,600
Total assets			$	725,100	Total liabilities and equity	$	725,100

Sales (on credit)	$	1,255,000
Cost of goods sold		816,000
Gross profit	$	439,000
Selling and administrative expense		266,000
Depreciation expense		55,500
Operating profit	$	117,500
Interest expense		10,000
Earnings before taxes	$	107,500
Tax expense		96,200
Net income	$	11,300

*Use net fixed assets in computing fixed asset turnover. Includes $11,700 in lease payments.

SMITH CORPORATION
Current Assets					Liabilities
Cash			$	39,400	Accounts payable	$	84,000
Marketable securities				10,900	Bonds payable (long term)		233,000
Accounts receivable				72,300
Inventory				76,900
Long-Term Assets					Stockholders' Equity
Gross fixed assets	$	561,000			Common stock	$	75,000
Less: Accumulated depreciation		259,700			Paid-in capital		30,000
Net fixed assets*				301,300	Retained earnings		78,800
Total assets			$	500,800	Total liabilities and equity	$	500,800

*Use net fixed assets in computing fixed asset turnover.

SMITH CORPORATION
Sales (on credit)	$	1,790,000
Cost of goods sold		1,270,000
Gross profit	$	520,000
Selling and administrative expense		315,000
Depreciation expense		51,500
Operating profit	$	153,500
Interest expense		21,900
Earnings before taxes	$	131,600
Tax expense		52,900
Net income	$	78,700

Includes $11,700 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.)

Jones Corp Smith Corp

Profit Margin _________ ___________

Return on Assets _________ ___________

Return on Equity _________ ___________

Recievable Turnover _________ ___________

Average

collection period _________ ___________

Inventory Turnover _________ ___________

Fixed Asset Turnover _________ ___________

Current Ratio _________ ___________

Quick Ratio _________ ___________

Debt to Total Assets _________ ___________

Times interest Earned _________ ___________

Fixed charge coverage _________ ___________