The following information applies to the questions displayed below.J Simon Company's year-end balance sheets follow. At December 31 Assets Cash Accounts receivable, net Merchandise Inventory Prepaid expenses Plant assets, net 2015 2014 2013 $ 31,800 $ 35,625 $ 37,800 89,500 62,500 50,200 112,500 82,500 54,000 9,375 5,000 278,500 255,000 230,500 $523,000 $445,000 $377.500 Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by $129,900 $ 75,250 $51,250 mortgages on plant assets Common stock, $10 par value Retained earnings 98,500 101,500 83,500 163,500 163,500 163,500 131100 104,750 79,250 377,500 Total liabilities and equity $523,000 $445,000 $ The company's income statements for the years ended December 31, 2015 and 2014 follow. For Year Ended December 31 2014 2015 532,000 $673,500 Sales Cost of goods sold Other operating 411,225 209,550 12,100 9,525 $345,500 134,980 13,300 expenses Interest expense Income taxes 8,845 Total costs and 502,625 642.400 expenses $ 31100 $29,375 Net Income $1.90 $1.80 Earnings per share Evaluate the company's efficiency and profitability by computing the following for 2015 and 2014 (2)Total asset turnover. Total Asset Turno Choose Denominator:Total Asset Turnover Choose Numerator: Total asset turnover 2015 times 2014 times