Just wondering How to do these questions and if the answers I got currently are right?

HW # 4 due March 31 0SavedThe financial statements for Jones Corporation and Smith Corporation are shown below ."JONES CORPORATIONCurrent AssetsLiabilitiesCash$22, 000 Accounts payable$105, 00010Accounts receivable*82, 000|\Bonds payable ( long term )62, 000pointsInventory52, 000Total current assets156 , 000,Total liabilities167, 000@BookLong - Term AssetsShareholders' EquityReferencesCapital assets520, 000 Common stock150 , 000Accumulated amortization215 , 000 Retained earnings14 4 , 000Net capital assets305 , 000$461 , 000$461, 000 Sales (on credit) $1,313,000 Cost of goods sold 736,000Gross profit 577,000Selling and administrative expense" 329,000Less: Amortization expense 55,200Operating profit 192,800Interest expense 9,900Earnings before taxes 182,900Tax expense (50%) 91,450Net income $91,450 *Includes $11,200 in lease payments.Note: Jones Corporation has 75,000 shares outstanding. SMITH CORPORATIONCurrent AssetsLiabilitiesCash$48, 000 Accounts payable$88, 000Marketable securities8, 800Bonds payable - 10 % ( longterm )275, 000Accounts receivable*83, 000Inventory88, 000Total current assets227 , 800Total liabilities363, 000Long - Term AssetsShareholders' EquityFixed assets630, 000 Common stock100, 000Accumulated amortization315 , 000 Retained earnings79, 800Net capital assets315, 000Total assets$542, 800Total liabilities and equity$542, 800 SMITH CORPORATION Sales (on credit) $1'200'000Cost of goods sold 624,000Gross profit 576,000Selling and administrative expense" 305,000Amortization expense 59,800Operating profit 211,200Interest expense 27,500Earnings before taxes 183,700Tax expense (50%) 91,850Net income $91,850 *Includes $11,200 in lease payments.Note: Smith Corporation has 75,000 shares outstanding. a-1. Compute the following ratios. Note: Use cost of goods sold for inventory turnov(Use 365 days in a year. Round the final answers to 2 decimal places.) Jones Corp. Smith Corp. Pro?t margin -0Return on assets , , (investments)Return on equity 31.11 0Receivable turnoverAverage collection period -days -daysInventory turnover 25.2 Inventory holding periodAccounts payable turnoverAccounts payable periodCapital asset turnoverTotal asset turnoverCurrent ratio 13.6 .h. dN!" Ncow 0-:U10 0 U10-::4?" Nut» .53man 01" 01mm L029 4:- Quick ratio Debt to total assetsTimes interest earnedFixed charge coverage |:|x a-2. To which company would you, as credit manager for a supplier, approve theextension of (short—term) trade credit? 0 Smith Corporation '? Jones Corporation a-2. To which company would you, as credit manager for a supplier, approve theextension of (short—term) trade credit? 0 Smith Corporation A Jones Corporation b. In which corporation would you buy shares? 0 Jones Corporation 'A' Smith Corporation