(Ratio analysis over time) The following information comes from the accounting records of Hercep Ltd. for the first three years of its existence: 2018 2019 2020 Statement of Financial Position Assets Cash Accounts receivable Inventory Capital assets (net) Other assets $23,400 67,200 114,000 433,000 235,000 $872,600 $19,800 58,000 145,000 451,000 212,000 $885,800 $27,200 144,500 236,000 512,000 267,600 $1,187,300 Liabilities and equity Accounts payable Long-term debt Common shares Retained earnings $109,000 206,000 523,000 34,600 $872,600 $54,500 256,000 523,000 52,300 $885,800 $109,000 512,000 523,000 43,300 $1,187,300 Statement of Earnings Sales Cost of goods sold Other expenses $600,000 (336,000) (166,000) 98,000 (29,400) $68,600 $840,000 (571,200) (225,000) 43,800 (13,140) $30,660 $925,000 (693,750) (223,000) 8,250 (2,475) $5,775 Income tax Net income Based on the above information, analyze the company's use of leverage from 2018 to 2020. (Round answers to 1 decimal place, eg. 15.1%.) 2018 2019 2020 Debt to Equity % % % Return on Assets % % Return on Equity % %