Use the reformulated income statement from question 2 and the reformulated balance sheet (below) to answer questions 3 and 4. (a) For 2014 and 2015, please compute the ROCE, RNOA, FLEV, OLLEV, NBC, ATO and profit margin. (b) Show the impact of Financial Leverage on ROCE. Does leverage help the shareholders? (c) Contrast OLLEV and FLEV. What do they measure? How do they differ? Use the financial statements in questions 2 and 3 to estimate the value of NOA using the Residual operating Income method. Assume that sales will grow at 5% between 2015 and 2016 and at 2% thereafter, and that the company's WACC is 7.5%