1. Ratio computation and analysis Given the financial statements for Jones Corporation and Smith Corporation shown here: a. To which one would you, as credit manager for a supplier, approve the extension of (shortterm) trade credit? Why? Compute all ratios before answering. b. In which one would you buy stock? Why? *Use net fixed assets in computing fixed asset turnover. Includes $7,000 in lease payments. Use net fixed assets in computing fixed asset turnover. a. To which one would you, as credit manager for a supplier, approve the extension of (short-term) trade credit? Why? Compute all ratios before answering. b. In which one would you buy stock? Why