Please send the answer. round your answer to 2 decimal places.

The nancial statements for Jones Corporation and Smith Corporation are shown below. C urrent Assets Cash Accounts receivable Inventory Total current assets LongTerm Assets Capital assets Accumulated am ortization Net capital assets Sales (on credit) Cost of goods sold Gross prot Selling and administrative expense" Less: Amortization expense Operating profit Interest expense Earnings before taxes Tax expense (50%) Net income *Includes $16,100 in lease payments. 1; 12,000 72,000 42,000 126,000 420,000 165,000 255,000 $38 I ,000 JONES CORPORATION Liabilities Accounts payable B on ds payable (lon g term) Total liabilities Shareholders' Equity Common stock Retained earnings $1,335,000 829,000 506,000 293,000 59,600 153,400 10,000 143,400 71,700 $71,700 Note: Jones Corporation has 75,000 shares outstanding. C urrent Assets Cash Mark etable securities Accounts receivable Inventory $38,000 7,800 73,000 73,000 SMITH CORPORATION Liabilities Accounts payable Bonds payable 7 10% (long term} $105,000 52,000 [57,000 120,000 104,000 $331,000 $78,000 225,000 Total current Total assets 196'800 liabilities 303'000 LongTerm Assets Shareholders' Equity Fixed assets 530,000 Common stock 120,000 ACF'mTulated 265,000 Retained earnings 38,800 amortization Net capital assets 265,000 Total Total assets $461,800 liabilities and $461,800 equity SMITH CORPORATION Sales (on credit) $1,090,000 Cost of goods sold 649,000 Gross prot 441,000 Sellln g*and admlnlstratlve 246,000 expense Amortization expense 58,100 Operating profit 136,900 Interest expense 22,500 Earnings before taxes 114,400 Tax expense (50%) 57,200 Net income $5 7,200 *Includes $16,100 in lease payments. Note: Smith Corporation has 75,000 shares outstanding. al. Compute the following ratios. Note: Use cost of goods sold for inventory turnover. (Use 365 days in a year. Round the nal answers to 2 decimal places.) Prot margin Return on assets (investments) Return on equity Receivable turnover Average collection period Jones Cor . Smith C . I % I "/0 '70 \"/0 % "/0 x x days days Inventory turn over N WITWWW WITHIN? >