Simon Company's year-end balance sheets follow. 2015 2014 2013 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 32,400 $ 36,250 $ 37,200 86,700 63,500 49,500 110,500 83,200 54,000 10,600 9,200 4,800 277,000 255,000 234,000 Total assets $ 517,200 $ 447,150 $ 379,500 $ 128,800 $ 74,750 $ 51,200 Liabilities and Equity Accounts payable Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 96,000 163,000 129,400 98,750 163,000 110,650 81,800 163,000 83,500 Total liabilities and equity $ 517,200 $ 447,150 $ 379,500 The company's income statements for the years ended December 31, 2015 and 2014, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes 2015 $ 785,000 $ 463,150 227,650 12,200 9,500 2014 $540,000 $345,600 129,600 13,400 8,775 Total costs and expenses 712,500 497,375 Net income $ 72,500 $ 42,625 Earnings per share $ 4.45 $ 2.62 Evaluate the company's efficiency and profitability by computing the following for 2015 and 2014. 4. value: 2.40 points (1) Profit margin ratio. Profit Margin Ratio I Choose Denominator: Choose Numerator: = = Profit Margin Ratio Profit margin ratio 2015 2014 5. value: 2.40 points (2) Total asset turnover. Total Asset Turnover Choose Denominator: Choose Numerator: = Total Asset Turnover Total asset turnover 2015 times 2014 = times 6. value: 2.40 points (3) Return on total assets. Return On Total Assets I Choose Denominator: Choose Numerator: - Return On Total Assets Return on total assets 2015 2014