Required information (The following information applies to the questions displayed below.) Simon Company's year-end balance sheets follow. At December 31 2017 2016 2015 Assets Cash $ 31,600 $ 36,500 $ 37,600 Accounts receivable, net 87,400 61,500 50, 500 Merchandise inventory 110,500 81,000 53,000 Prepaid expenses 10,250 9,250 4,100 Plant assets, net 279,000 254,500 233,000 Total assets $518,750 $442,750 $378,200 Liabilities and Equity Accounts payable $128,400 $ 74,250 $ 51,200 Long-term notes payable secured by mortgages on plant assets 97,000 100,750 81,600 Common stock, $10 par value 162,000 162,000 162,000 Retained earnings 131,350 105,750 83,400 Total liabilities and equity $518,750 $442,750 $378, 200 The company's income statements for the years ended December 31, 2017 and 2016, follow For Year Ended December 31 2017 2016 Sales $735,000 $540,000 Cost of goods sold $441,000 $334,800 Other operating expenses 205,800 129,600 Interest expense 11,400 13,200 Income taxes 9,400 8,675 Total costs and expenses 667,600 486,275 Net income $ 67,400 $ 53, 725 Earnings per share $ 4.16 $ 3.32 Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016. (1) Profit margin ratio. Choose Numerator: Profit Margin Ratio 1 Choose Denominator: 1 1 11 Profit Margin Ratio Profit margin ratio 0 % 0 % / 11 2017 2016 1 11 (2) Total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator: Il Total Asset Turnover = Total asset turnover times 2017 1 1111 2016 times (3) Return on total assets. Return On Total Assets 1 Choose Denominator: Choose Numerator: Return On Total Assets Return on total assets 11 2017 % 2016 11 %