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Simon Companys year-end balance sheets follow. At December 31 2015 2014 2013 Assets Cash $ 30,200 $ 36,500 $ 38,000 Accounts receivable, net 88,100 62,500

Simon Companys year-end balance sheets follow.

At December 31 2015 2014 2013
Assets
Cash $ 30,200 $ 36,500 $ 38,000
Accounts receivable, net 88,100 62,500 51,000
Merchandise inventory 111,000 83,600 53,500
Prepaid expenses 10,950 9,200 5,400
Plant assets, net 279,000 250,000 232,000
Total assets $ 519,250 $ 441,800 $ 379,900
Liabilities and Equity
Accounts payable $ 128,000 $ 75,750 $ 51,000
Long-term notes payable secured by mortgages on plant assets 97,500 99,500 81,000
Common stock, $10 par value 160,500 160,500 160,500
Retained earnings 133,250 106,050 87,400
Total liabilities and equity $ 519,250 $ 441,800 $ 379,900

The companys income statements for the years ended December 31, 2015 and 2014, follow.

For Year Ended December 31 2015 2014
Sales $ 695,000 $ 590,000
Cost of goods sold $ 417,000 $ 371,700
Other operating expenses 201,550 135,700
Interest expense 11,600 12,800
Income taxes 9,450 8,700
Total costs and expenses 639,600 528,900
Net income $ 55,400 $ 61,100
Earnings per share $ 3.45 $ 3.81

Evaluate the company's efficiency and profitability by computing the following for 2015 and 2014.

25. Required information

(1) Profit margin ratio.

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26. Required information

(2) Total asset turnover.

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27. Required information

(3) Return on total assets.

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