Simon Company's year-end balance sheets follow At December 31 AssetS Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets 2017 2016 2015 $ 32,000 35,250 37,200 50,500 52,500 4,800 281,000 258,000 230,000 $522,850 $445,850 $ 375,000 63,000 111,000 80,400 9,200 88,100 10,750 Liabilities and Equity Accounts payable $128,000 73,250 $ 50,000 Long-term notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity 82,400 161,500 161,500 161,500 81,100 $522,850 445,850 375,000 97,500 99,250 135,850 111,850 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 2016 $775,000 $ 630,000 $472,750 224,750 12,200 9,450 $403,200 151,200 13,300 8.825 719,150 $ 55,850 $3.46 576,525 $ 53,475 $ 3.31 Earnings per share Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016 (2) Total asset turnover l Asset Turnover Choose Numerator: Choose Denominator Total Asset Turnover Total asset turnover times times 2017 2016