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 Total assets E 6,108 E 6,451 E 7,173 6 6,972 Total liabilities 5,970 4,974 4,989 5,097 Total shareholders' equity 138 1,477 2,184 1,875 Income statements 52 weeks ended 2019 2018 2017 Sales revenue E 10,364 6 9,613 E 8,632 Earnings before interest and taxes 1,473 1,459 887 Interest expense 246 208 237 Earnings before income taxes 1,227 1,251 650 Income tax expense 377 446 202 Net earnings E 850 E 805 E 448