Question: Use net fixed assets in computing fixed asset turnover. Includes$8,000 in lease payments. Compute the following ratios. Note: Use a 360-day year. Do not round

 Use net fixed assets in computing fixed asset turnover. Includes$8,000 inlease payments. Compute the following ratios. Note: Use a 360-day year. Donot round intermediate calculations. Input your profit margin, return on assets, return

Use net fixed assets in computing fixed asset turnover. Includes$8,000 in lease payments. Compute the following ratios. Note: 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. Given the financial statements for Jones Corporation and Smith Corporation: *Use net fixed assets in computing fixed asset turnover. Includes$8,000inleasepayments. Includes$8,000 in lease payments. Compute the following ratios. Note: 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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