Question: Problem 3-37 Ratio computation and analysis [LO3-2] Given the financial statements for Jones Corporation and Smith Corporation: *Use net fixed assets in computing fixed asset

 Problem 3-37 Ratio computation and analysis [LO3-2] Given the financial statementsfor Jones Corporation and Smith Corporation: *Use net fixed assets in computingfixed asset turnover. Includes $7,900 in lease payments. *Use net fixed assets

Problem 3-37 Ratio computation and analysis [LO3-2] Given the financial statements for Jones Corporation and Smith Corporation: *Use net fixed assets in computing fixed asset turnover. Includes $7,900 in lease payments. *Use net fixed assets in computing fixed asset turnover. Includes$7,900 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.) 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.)

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