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Question 3 (23 Points) 1. Calculate the Return on Equity (ROE) for 2022 and 2021. 2. Disaggregate the ROE into Return on Assets (ROA)

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Question 3 (23 Points) 1. Calculate the Return on Equity (ROE) for 2022 and 2021. 2. Disaggregate the ROE into Return on Assets (ROA) and Financial Leverage (FL) for each year. 3. Disaggregate ROA into Net Profit Margin (NPM) and Asset Turnover (AT) for each year. 4. How do each of the following affect (increase or decrease) Canadian Tire Corp.'s ROE from 2021 to 2022? a) Profit Margin b) Asset Turnover c) Financial Leverage

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