Simon Inc. had the following events occur during the year. Simon follows IFRS.
1. Simon has a fleet of trucks. It was recently decided that the company would replace old trucks with new finance leases rather than buying trucks as it had in the past using borrowed
funds.
2. The company repurchased shares during the year, at prices lower than issue prices.
3. The company has bond investments that have been classified as FVOCI-Bonds. The bonds had increased in value since they had been purchased five years ago. However, during
the year, the investments were sold for less than current book value but greater than original cost.

Required:
For each of the above transactions, discuss the implication on the company’s debt to equity ratio, return on assets, and operating profit margin. (Treat each event in isolation.)