Connect ml work Simon Company's year-end balance sheets follow Accounts receivable, net Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by ,850 9,750 $517,250 $439,050 376,200 129,200 74,588 51,288 96,080 99,75,280 mortgages on plant assets Common stock, $18 par value Retained earnings Total liabilities and equity 161,809 161,099 161,000 $517,250 $439,050 576,200 The company's income statements for the years ended December 31, 2017 and 2016, follow For Year Ended Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net incone 755,09e 5 52e,ee0 $437,900 327,600 13,489 678-550 $ 76,450 4.75 45,65e $ 2.84 Earnings per share Evaluate the company's efficiency and profitability by computing the following for 2017 and 1) Profit margin ratio. Profit margin ratio 2017 2016