nect.html ework Simon Company's year end balance sheets follow Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 8,288 63,8 51,ea e,850 9,35 $517,250 439,850 376,200 Liabilities and Equity Accounts payable Long-tera notes payable secured by $129,280 $ 74,589 51,28e 96,000 9,758e,200 161,860161,899 161,000 mortgages on plant assets Common stock, $1e par value Retained earnings Total liabilities and equity $517,25e $439,ese 376,288 The company's income statements for the years ended December 31, 2017 and 2016, follow 2017 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Incone taxes Total costs and expenses Net income $ 755,0 5 520,000 327,68e 124,800 13,480 $437,90 12,300 678,550 5 76,456 4741350 5 45,65e 5 2.84 Earnings per share Evaluate the company's efficiency and profitability by computing the following for 2017 and 2 (2) Total asset turnover Choose Numerator: Total asset turnover 2017 2016