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Simon Companys year-end balance sheets follow. At December 31 2015 2014 2013 Assets Cash $ 31,200 $ 36,250 $ 38,000 Accounts receivable, net 86,200 62,500 50,500 Merchandise inventory 112,500 82,200 54,000 Prepaid expenses 10,450 9,300 4,800 Plant assets, net 276,000 253,000 234,000 Total assets $ 516,350 $ 443,250 $ 381,300 Liabilities and Equity Accounts payable $ 130,000 $ 73,000 $ 51,200 Long-term notes payable secured by mortgages on plant assets 97,500 98,250 80,400 Common stock, $10 par value 161,000 161,000 161,000 Retained earnings 127,850 111,000 88,700 Total liabilities and equity $ 516,350 $ 443,250 $ 381,300 The companys income statements for the years ended December 31, 2015 and 2014, follow. For Year Ended December 31 2015 2014 Sales $ 775,000 $ 630,000 Cost of goods sold $ 465,000 $ 403,200 Other operating expenses 217,000 151,200 Interest expense 12,200 12,700 Income taxes 9,500 8,950 Total costs and expenses 703,700 576,050 Net income $ 71,300 $ 53,950 Earnings per share $ 4.43 $ 3.35 Evaluate the company's efficiency and profitability by computing the following for 2015 and 2014. 1.value: 10.00 pointsRequired information (1) Profit margin ratio. ReferenceseBook & Resources Expanded tableDifficulty: 3 HardLearning Objective: 17-P3 Define and apply ratio analysis. Check my work 2.value: 10.00 pointsRequired information (2) Total asset turnover. ReferenceseBook & Resources eBook: Ratio Analysis Check my work 3.value: 10.00 pointsRequired information (3) Return on total assets. ReferenceseBook & Resources Expanded tableDifficulty: 3 HardLearning Objective: 17-P3 Define and apply ratio analysis.

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