Given the financial statements of Jones Corporation and Smith Corporation:

JONES CORPORATION
Current assets					Passive
Money			ps	25,900	Accounts payable	ps	149,000
accounts receivable				81,500	Bonds payable (long term)		80,300
Inventory				51,800
long term assets					stockholders' equity
gross fixed assets	ps	514,000			Common actions	ps	150.000
Less: Accumulated depreciation		155,900			paid in principal		70.000
Net fixed assets*				358,100	Retained earnings		68,000
total assets			ps	517,300	Total liabilities and equity	ps	517,300

Credit sales)	ps	1,347,000
cost of goods sold		790,000
Gross profit	ps	557,000
Selling and administrative expenses †		337,000
depreciation expense		51,600
operating profit	ps	168.400
Interest expenses		16,500
earnings before taxes	ps	151,900
Tax expenditure		102,400
Net Income	ps	49,500

*Use net fixed assets to calculate fixed asset turnover.
†Includes $15,400 in lease payments.

CORPORACIÓN SMITH
Current assets					Passive
Money			ps	39,100	Accounts payable	ps	80,300
Negotiable values				17,400	Bonds payable (long term)		217,000
accounts receivable				73,800
Inventory				75,100
long term assets					stockholders' equity
gross fixed assets	ps	509,000			Common actions	ps	75,000
Less: Accumulated depreciation		254,200			paid in principal		30,000
Net fixed assets*				254.800	Retained earnings		57,900
total assets			ps	460,200	Total liabilities and equity	ps	460,200

*Use net fixed assets to calculate fixed asset turnover.

CORPORACIÓN SMITH
Credit sales)	ps	1,090,000
cost of goods sold		658,000
Gross profit	ps	432,000
Selling and administrative expenses †		256,000
depreciation expense		56,600
operating profit	ps	119,400
Interest expenses		24,100
earnings before taxes	ps	95,300
Tax expenditure		59,100
Net Income	ps	36,200

^† Includes $15,400 in lease payments.

to. Calculate the following ratios. (Use a 360-day year. Do not round intermediate calculations. Enter your profit margin, return on assets, return on equity, and debt to total assets answers as a percentage rounded to 2 decimal places. Round all other answers to 2 decimals .)

	jones corporation	Smith Corp
Magnetic Gain
return on assets
Return on equity
Receivable turnover
Average collection period
Inventory sales volume
Fixed asset turnover
total asset turnover
Radio actual
fast reason
Debt to total assets
times the interest earned y Fixed Charge Coverage

Answer rating: 100% (QA)

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