Required information The following information applies to the questions displayed below.] Simon Company's year-end balance sheets follow At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets $32,400 35,250 38,200 51,000 52,500 4,300 280,000 251,000 232,000 $524,000 441,100 378,000 62,000 112,000 83,400 9,450 89,000 10,600 Liabilities and Equity Accounts payable Long-term notes payable secured by $129,200 $ 73,500 $ 50,600 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 83,400 164,000 164,000164,000 80,000 $524,000 $441,100 $ 378,000 97,000 99,750 133,800 103,850 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 2017 2016 $775,000 $ 540,000 $457,250 232,500 11,800 9,550 $ 340,200 129,600 12,900 8,650 711,100 $ 63,900 $ 3.90 491,350 $ 48,650 $ 2.97 Earnings per share Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016 (3) Return on total assets eturn Total Assets Return On Total Assets Return on total assets Choose Numerator: Choose Denominator: 2017 2016