[The following information applies to the questions displayed below) Simon Company's year-end balance sheets follow 2017 2016 2015 $ 30,600 $ 35,500 $ 37,000 87,200 63,000 51,000 111,500 80,800 53,000 10,700 9,250 4,100 281,000 252,000 226,000 $521,000 $440,550 $371,100 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-tern notes payable secured by mortgages on plant assets Common stock, $10 par value Retained earnings Total liabilities and equity $128,000 $ 74,500 $ 50,600 96,500 98,250 81,800 163,500 163,500 163,500 133,000 104,300 75,200 $521,000 $440,550 $371,100 The company's income statements for the years ended December 31, 2017 and 2016, follow. Yor Year Ended December 31 2017 2016 Sales $705,000 $ 610,000 cost of goods sold $437,100 $390,400 Other operating expenses 197,400 146,400 Interest expense 11,900 13,500 Income taxes 9,350 8,950 Total costs and expenses 655, 750 559,250 Net income $ 49,250 $ 50, 750 Earnings per share $ 3.01 $ 3.10 JUM $ 50, 750 Net income Earnings per share $ 49,250 3.01 $ 3.10 Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016. 2) Total asset turnover. Total Asset Turnover 1 Choose Denominator: Choose Numerator: Total Asset Turnover Total asset turnover 2017 1 times 2016 times 197.400 11,900 9,350 13,500 8,950 Other operating expenses Interest expense Income taxes Total costs and expenses Net income Earnings per share 655,750 $ 49,250 559, 250 $ 50,750 $ 3.10 $ 3.01 Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016. (3) Return on total assets. Return On Total Assets Choose Denominator: Choose Numerator: Return On Total Assets Return on total assets % % 2017 2016