Saved 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 $ 35,250 $ 37,600 86,600 62,500 51,000 110,500 81,000 54,500 10,450 9,300 4,400 277,000 249,000 232,000 $516,150 $437,050 $379,500 $129,600 $ 74,250 $ 51,200 96,500 102,000 83,200 164,000 164,000 164,000 126,050 96,800 81,100 $516,150 $437,050 $ 379,500 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 $665,000 $392,350 192,850 12,300 9,400 606,900 $ 58,100 $ 3.54 2016 $ 610,000 $390, 400 140,300 12,500 8,775 551,975 $ 58,025 $ 3.54 et une JOU JOVA Earnings per share $ 3.54 $ 3.54 Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016. Exercise 17-10 Part 3 (3) Return on total assets. Choose Numerator: Return On Total Assets 1 Choose Denominator: 1 = Return On Total Assets = Return on total assets % 2017 1 2016 %