Simon Company's year-end balance sheets follow. 2018 2017 2016 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net $ 31,800 $ 35,625 $ 37,800 89,500 62,500 50,200 112,500 82,500 54,000 10,700 9,375 5,000 278,500 255,000 230,500 $523,000 $445,000 $377,500 Total assets $129,900 $ 75,250 $ 51,250 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 98,500 101,500 83,500 163,500 163,500 163,500 131,100 104,750 79,250 $523,000 $445,000 $377,500 The company's income statements for the years ended December 31, 2018 and 2017, follow. For Year Ended December 31 Sales Cost of goods sold Other operating expenses Interest expense Income taxes 2018 $673,500 $411,225 209,550 12,100 9,525 2017 $ 532,000 $345,500 134,980 13,300 8,845 Total costs and expenses Net income 642,400 $ 31,100 502,625 $ 29,375 Earnings per share $ 1.90 $ 1.80 Evaluate the company's efficiency and profitability by computing the following for 2018 and 2017. 3) Return on total assets. Return On Total Assets Choose Numerator: 1 Choose Denominator: Return On Total Assets Average accounts receivable, net II Return on total assets | Average total assets 1 $ 484,000 = % 2018: 2017: 1 $ 411,250 II %