Using the financial statements of Green Energy Inc. for the years ended December 31, 2023, 2022, and 2021, answer the following questions:

Green Energy Inc. Comparative Income Statements for Years Ended December 31, 2023, 2022, and 2021:

• Sales: 2023: $3,000,000, 2022: $2,500,000, 2021: $2,000,000
• Cost of Goods Sold: 2023: $1,200,000, 2022: $1,000,000, 2021: $800,000
• Gross Profit: 2023: $1,800,000, 2022: $1,500,000, 2021: $1,200,000
• Operating Expenses: 2023: $500,000, 2022: $400,000, 2021: $350,000
• Net Income: 2023: $800,000, 2022: $700,000, 2021: $600,000

Green Energy Inc. Comparative Balance Sheets as of December 31, 2023, 2022, and 2021:

• Total Assets: 2023: $4,000,000, 2022: $3,500,000, 2021: $3,000,000
• Total Liabilities: 2023: $1,500,000, 2022: $1,300,000, 2021: $1,200,000
• Shareholders' Equity: 2023: $2,500,000, 2022: $2,200,000, 2021: $1,800,000

Requirements:

1. Calculate the gross profit margin for each year.
2. Compute the return on assets (ROA) for each year.
3. Determine the debt-to-equity ratio for each year.
4. Calculate the current ratio for 2023 if current assets are $1,800,000 and current liabilities are $1,000,000.
5. Analyze the company's financial leverage over the three years.