Return on Investment, Financial Leverage, and DuPont Analysis The following tables provide information from the recent annual reports of HD Rinker, AG.

Balance sheets	2016	2015	2014	2013
Total assets	6,706	7,049	7,771	7,570
Total liabilities	6,269	5,273	5,288	5,396
Total shareholders' equity	437	1,776	2,483	2,174

Income statements 52 weeks ended	2016	2015	2014
Sales revenue	11,030	10,279	9,298
Earnings before interest and taxes	1,552	1,538	966
Interest expense	300	262	291
Earnings before income taxes	1,252	1,276	675
Income tax expense	431	500	256
Net earnings	821	776	419

a. Calculate HD Rinker's return on equity (ROE) for fiscal years 2016, 2015, and 2014. Round answers to one decimal place (i.e., 0.2568 = 25.7%). Do not round until your final answer.

2016	Answer%
2015	Answer%
2014	Answer%

b. Calculate HD Rinker's return on assets (ROA) and return on financial leverage (ROFL) for each year. Round answers to one decimal place (i.e., 0.2568 = 25.7%). Do not round until your final answer.

	ROA	ROFL
2016	Answer%	Answer%
2015	Answer%	Answer%
2014	Answer%	Answer%

c. Use the DuPont formulation in the Business Insight on page 230 to analyze the variations in HD Rinker's ROE over this period. Calculate net profit margin, asset turnover, and financial leverage. Do not round until your final answer. Round answers to one decimal place (i.e., 0.2568 = 25.7%).

	NPM	AT	FL
2016	Answer%	Answer	Answer
2015	Answer%	Answer	Answer
2014	Answer%	Answer	Answer