b. Calculate HD Rinker's return on assets (ROA) and return on financial leverage (ROFL) for each year. Is financial leverage working to the advantage of HD Rinker's shareholders? Use a statutory tax rate of 25% Note: Round your answers to the nearest million euros. 2022 ROA 2021 ROA 2020 ROA Numerator ( millions) + Denominator ( millions) - 1527 + 1362 = 3005 = 1456 + 818+ 3326 = Note: Enter the percent rounded to two digits after the decimal. 2022 ROFL 2021 ROFL 2020 ROFL 2022 ROFL is 2021 ROFL is 2020 ROFL is ? 0% 0%- 0% ? 0% = 0% => 0% = so leverage is so leverage is so leverage is ROFL 0% 0% 0% Result 112.11% 48.45% 24.59% their shareholders. their shareholders. their shareholders.

- Note: Round your answers to the nearest milion eiros \begin{tabular}{|c|c|c|} \hline 2022 non as & wo lewriage a & their shereholders \\ \hline 2021 bonth & iso ieverage is & ther sheeholden \\ \hline 2020 RORh & so leverage is & thersvareholde \\ \hline \end{tabular}