(3) Return on total assets Return On Total Assets Choose Numerator: Choose Denominator: Return On Total Assets = | Return on total assets 2017 70 2016 Simon Company's year-end balance sheets follow 2017 2016 2015 At December 31 Assets Cash Accounts receivable, net Merchandise inventory Prepaid expenses Plant assets, net Total assets Liabilities and Equity Accounts payable Long-term notes payable secured by $ 31,600 36,000 38,000 50,000 54,500 4,900 281,000 249,000 229,000 $523,950 $439,150 $376,400 87,700 113,000 10,650 62,500 82,400 9,250 $128,400 75,000 50,200 mortgages on plant assets Common stock, $10 par value Retained earnings Total 1iabilities and equity 81,200 164,000 164,000 164,000 81,000 $523,950 $439,150 $376,400 96,000 101,500 135,550 98, 650 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 $755,000 $ 570,000 $453,000 211,400 11,600 9,350 $359,100 136,800 13,300 8,750 685,350 $ 69,650 $ 4.25 517,950 $ 52,050 $ 3.17 Earnings per share