Given the financial statements for Jones Corporation and Smith Corporation: JONES...

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Accounting

Given the financial statements for Jones Corporation and Smith Corporation:

JONES CORPORATION
Current Assets Liabilities
Cash $ 123,300 Accounts payable $ 176,000
Accounts receivable 183,600 Bonds payable (long term) 89,600
Inventory 56,800
Long-Term Assets Stockholders' Equity
Gross fixed assets $ 554,000 Common stock $ 150,000
Less: Accumulated depreciation 152,300 Paid-in capital 70,000
Net fixed assets* 401,700 Retained earnings 279,800
Total assets $ 765,400 Total liabilities and equity $ 765,400

Sales (on credit) $ 1,255,000
Cost of goods sold 678,000
Gross profit $ 577,000
Selling and administrative expense 355,000
Depreciation expense 59,400
Operating profit $ 162,600
Interest expense 11,300
Earnings before taxes $ 151,300
Tax expense 82,500
Net income $ 68,800

*Use net fixed assets in computing fixed asset turnover. Includes $12,700 in lease payments.

SMITH CORPORATION
Current Assets Liabilities
Cash $ 44,000 Accounts payable $ 83,700
Marketable securities 7,900 Bonds payable (long term) 290,000
Accounts receivable 73,700
Inventory 77,500
Long-Term Assets Stockholders' Equity
Gross fixed assets $ 557,000 Common stock $ 75,000
Less: Accumulated depreciation 251,800 Paid-in capital 30,000
Net fixed assets* 305,200 Retained earnings 29,600
Total assets $ 508,300 Total liabilities and equity $ 508,300

*Use net fixed assets in computing fixed asset turnover.

SMITH CORPORATION
Sales (on credit) $ 1,430,000
Cost of goods sold 919,000
Gross profit $ 511,000
Selling and administrative expense 299,000
Depreciation expense 57,500
Operating profit $ 154,500
Interest expense 30,600
Earnings before taxes $ 123,900
Tax expense 59,900
Net income $ 64,000

Includes $12,700 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 5.48 % 4.48 %
Return on assets (investments) 8.99 % 12.60 %
Return on equity 13.77 % 47.55 %
Receivable turnover 6.84 times 19.40 times
Average collection period 52.63 days 18.56 days
Inventory turnover times times
Fixed asset turnover times times
Total asset turnover times times
Current ratio times times
Quick ratio times times
Debt to total assets % %
Times interest earned times times
Fixed charge coverage times times

I answered some of them but I'm not sure if they are correct.

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