I'LL RATE!!!

Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets $ 36,250 $ 38,200 50,000 53,000 4,900 232,000 Cash 32,000 87,100 112,500 10,800 Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 61,500 82,600 9,300 248,500 277,000 $519,400 $438,150 $ 378,100 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings $128,800 $ 75,000 $ 50,000 81,400 161,000 85,700 96,000 161,000 133,600 101,250 161,000 100,900 Total liabilities and equity $519,400 $438,150 $ 378,100 The company's income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended December 31 2017 2016 $735,000 Sales $ 580,000 $448,350 205,800 12,000 9,550 $371,200 133,400 Cost of goods sold Other operating expenses Interest expense 12,500 Income taxes 8,775 Total costs and expenses 675,700 525,875 $59,300 $ 54,125 Net income Earnings per share $ $ 3.68 3.36 Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016 (1) Profit margin ratio. Profit Margin Ratio IChoose Denominator: Choose Numerator: Profit Margin Ratio / Profit margin ratio 2017 2016 % IL II III (2) Total asset turnover. Total Asset Turnover /Choose Denominator: Total Asset Turnover Choose Numerator: Total asset turnover 2017 times - 2016 times - (3) Return on total assets. Return On Total Assets /Choose Denominator: Choose Numerator: Return On Total Assets Return on total assets / 2017 % 2016 %