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Return on Investment, Financial Leverage, and DuPont Analysis The following tables provide information from the recent annual reports of HD Rinker, AG. Balance sheets
Return on Investment, Financial Leverage, and DuPont Analysis The following tables provide information from the recent annual reports of HD Rinker, AG. Balance sheets 2019 2018 2017 2016 6,108 6,451 7,173 6,972 4,989 5,097 1,477 2,184 1,875 Total assets Total liabilities Total shareholders' equity 5,970 138 4,974 Income statements 52 weeks ended Sales revenue Earnings before interest and taxes Interest expense Earnings before income taxes Income tax expense 2019 2018 2017 10,364 9,613 8,632 1,473 1,459 887 246 208 237 1,227 1,251 650 377 446 202 850 805 448 Net earnings a. Calculate HD Rinker's return on equity (ROE) for fiscal years 2019, 2018, and 2017. Round answers to one decimal place (i.e., 0.2568 = 25.7%). Do not round until your final answer. 2019 2018 2017 % % % b. Calculate HD Rinker's return on assets (ROA) and return on financial leverage (ROFL) for each year. Assume a statutory tax rate of 25%. Round answers to one decimal place (i.e., 0.2568 = 25.7%). Do not round until your final answer. 2019 2018 2017 ROA ROFL % % % % 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 2019 % 2018 % 2017 % FL
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