Simon Company's year-end balance sheets follow. 2017 At December 31 2016 2015 Assets $35,000 $ 37,800 62,500 81,200 9,350 259,000 $30,000 87,600 111,000 Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net 49,500 52,000 10,900 4,900 232,000 279,000 $518,500 $447,050 $376,200 Total assets Liabilities and Equity $ 74,000 $ 50,600 Accounts payable $128,400 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings 96,500 162,500 131,100 100,500 162,500 110,050 83,200 162,500 79,900 Total liabilities and equity $518,500 $447,050 $376,200 ts for the years er mber 31, 2017 and 2016, follow The company's income stat led D For Year Ended December 31 2017 2016 $ 570,000 Sales $755,000 $468,100 211,400 12,300 9,400 Cost of goods sold Other operating expenses $364,800 136,800 12,700 8,675 Interest expense Income taxes Total costs and expenses 701,200 522,975 $ 47,025 $ 53,800 Net income $ 3.31 $ 2.89 Earnings per share Evaluate the companv's efficiencv and profitabilitv bv computina the followina for 2017 and 2016 (2) Total asset turnover. Total Asset Turnover / Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover / 2017 times - 2016 / times