[The following information applies to the questions displayed below] Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses 2017 2016 2015 $ 30.000 $ 35,500 $ 38,000 88,000 63.500 111,000 50,500 83,200 54,000 9,250 4,100 Plant assets, net Total assets 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 10,300 276,000 249,500 232,000 $515,300 $440,950 $ 378,600 $128,400 $ 73,500 $ 51,000 97,000 100,750 161,000 161,000 128,900 105,700 83,200 161,000 83,400 $515,300 $440,950 $ 378,600 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 Earnings per share 2017 2016 $685,000 $ 550,000 $411,000 205,500 $346,500 126,500 11,400 12,900 9,450 8,700 637,350 $ 47,650 494,600 $ 55,400 8 2.96 $ B 44 Evaluate the company's efficiency and profitability by computing the following for 2017 and 2016. (1) Profit margin ratio. Choose Numerator: Profit Margin Ratio Choose Denominator: 2017 2016 IE = Profit Margin Ratio Profit margin ratio % % (2) Total asset turnover. Choose Numerator: Total Asset Turnover 2017 2016 Choose Denominator: = Total Asset Turnover Total asset turnover times times (3) Return on total assets. Choose Numerator: Return On Total Assets Choose Denominator: 2017 2016 = IL = Return On Total Assets Return on total assets %