\begin{tabular}{|c|c|c|c|} \hline Long-term debt & 240,500 & 293,700 & 606,000 \\ \hline Common shares & 632,000 & 632,000 & 632,000 \\ \hline \multirow[t]{2}{*}{ Retained earnings } & 45,900 & 42,000 & 31,500 \\ \hline & $1,040,400 & $1,052,200 & $1,414,500 \\ \hline \multicolumn{4}{|l|}{ Statement of Earnings } \\ \hline Sales & $501,500 & $578,500 & $802,500 \\ \hline Cost of goods sold & (295,885) & (404,950) & (545,700) \\ \hline \multirow[t]{2}{*}{ Other expenses } & (86,500) & (130,000) & (201,500) \\ \hline & 119,115 & 43,550 & 55,300 \\ \hline Income tax & (27,635) & (12,581) & (13,825) \\ \hline Net income & $91,480 & $30,969 & $41,475 \\ \hline \end{tabular} Based on the above information, analyze the company's use of leverage from 2022 to 2024. An average of assets and equity cannot be calculated for 2022 Return on assets and Return on equity. Use 2022 year end balances in your calculation. (Round answers to 1 decimal place, e.g. 15.1\%.) 2022 2023 2024 Statement of Financial Position Assets Cash Accounts receivable Inventory Capital assets (net) Other assets Liabilities and equity $28,000$25,800$40,000 83,00074,400171,100 133,500160,000277,200 518,000542,000619,700 277,900 $1,052,200250,000$1,414,500306,500 Accounts payable $122,000$84,500$145,000 Long-term debt 240,500 293,700 606,000 Common shares 632,000632,000632,000