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 $ 31,000 $ 35,000 $ 37,200 88,800 63,000 50,000 111,000 80,800 53,000 10,550 9,250 4,100 277,000 253,000 231,000 $518,350 $441,050 $375,300 $128,000 $ 72,250 $ 50,800 96,500 102,000 83,200 161,000 161,000 161,000 132,850 105,800 80,300 $518,350 $441,050 $375,300 The company's income statements for the years ended December 31, 2017 and 2016, follow. 2016 $ 600,000 For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes 2017 $ 715,000 $ 429,000 200,200 11,200 9,450 $372,000 144,000 13,300 8,925 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 $715,000 $ 429,000 200,200 11,200 9,450 649,850 $ 65,150 2016 $ 600,000 $ 372,000 144,000 13,300 8,925 538, 225 $ 61,775 Earnings per share $ 4.05 3.84 Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016. (2) Total asset turnover. Choose Numerator: Net sales Total Asset Turnover 1 Choose Denominator: Average total assets = Total Asset Turnover Total asset turnover 0 times o times 2017 2016