Please help

Required information Exercise 17-10 Efficiency and profitability analysis LO P3 (The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, sie par value Retained earnings Total liabilities and equity $ 31,600 $ 36,250 $ 37,888 88,500 61, eee 49,500 112,5ee 82,600 53, eee 10,9ee 9,250 4,500 281, eee 258, eee 227,000 $524,500 $447,100 $ 371,800 $130,000 $ 73,500 $ 50,800 96, eee 98,250 83,000 160, eee 160, eee 160,000 138,500 115, 35e 78,000 $524,5ee $447,100 $ 371,800 The company's income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 2017 $685,800 $484,150 191,800 11,90 9,350 617,200 $ 67,800 $ 4.24 2016 $ 570,000 $364,800 131,100 12,800 8,575 517,275 $ 52,725 $ 3.30 Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 2017 $685,000 $484,15 191,800 11,900 9,350 617,200 $ 67,800 $ 4.24 2016 $570,000 $364,800 131, 10e 12,800 8,575 517,275 $ 52,725 $ 3.30 Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016. Exercise 17-10 Part 1 (1) Profit margin ratio Choose Numerator: Profit Margin Ratio 1 Choose Denominator: 1 = Profit Margin Ratio Profit margin ratio % % 2017 2016 = 11 Requirea information Exercise 17-10 Efficiency and profitability analysis LO P3 The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow. 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $ 31,600 $ 36,250 $ 37,800 88,500 61, eee 49,500 112,500 82,600 53,000 10,900 9,250 4,500 281,000 258,000 227,000 $524,500 $447,100 $ 371,800 $130, 000 $ 73,500 $ 50, 800 96,000 98,250 83,000 160,000 160, eee 160,000 138,500 115, 350 78,000 $524,500 $447,100 $ 371,800 The company's income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 2017 $ $685,000 $404,150 191,800 11,900 9,350 617,200 $ 67,800 $ 4.24 2016 $ 570,000 $364,800 131,100 12,800 8,575 517,275 $ 52,725 $ 3.30 Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016. The company's income statements for the years ended December 31, 2017 and 2016, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 2017 $685,000 $494,150 191,800 11,900 9,350 617,200 $ 67,800 2016 $ 570,000 $364,800 131,100 12,800 8,575 517,275 $ 52,725 $ 3.30 $ 4.24 Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016. Exercise 17-10 Part 2 (2) Total asset turnover. Total Asset Turnover 1 Choose Denominator: Choose Numerator: / 11 Total Asset Turnover Total asset turnover times times 2017 2016 11