Simon companys balance sheets

At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 s 30,800 35,750 38,400 89,500 64,000 50,500 111,000 81,800 55,000 4,400 277,000 249,000 229,000 $518,650 $440,050 $377,300 10,350 9,500 Liabilities and Equity Accounts payable Long-term notes payable secured by $128,800 72,000 50,600 mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 95,500 100,000 80,800 162,500 162,500 162,500 131,850 105,550 83,400 $518,650 $440,050 $377,300 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 $775,000 610,000 $457,250 240,250 12,100 $396,500 140,300 12,800 8,650 719,000 $56,000 $3.45 558,250 $ 51,750 $ 3.18 Earnings per share Profit Margin Ratio Choose Numerator: Choose Denominator: - Profit Margin Ratio Profit margin ratio nt 2017 2016 Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016. t 2 of 3 (2) Total asset turnover ts Total Asset Turnover Choose Numerator Choose Denominator: = | Total Asset Turnover Print Total asset turnover 2017 times 2016 times (3) Return on total assets. Choose Numerator: Choose Denominator: = Return On Total Asset Return on total assets 2017 2016