Hello, can you please help with the below. Please include step by step work and include part B with detailed explanation

Following are selected data from year-end financial statements of Lima Corporation for 2017-2016

		2017	2016
Total assets		$ 4,420,000.00	$ 393,000.00
Interest expense		$69,000	$61,000
Long-term liabilities		$832,000	$845,000
Net income		$452,875	$411,900
sales		$5,218,750	$4,454,700
Stockholder equity		$2,428,750	$2,100,000

a.Compute the following performance measurements ratios for 2017 (ignore income taxes)

1	Asset turnover
2	Return on sales
3	Return on assets
4	Return on equity

b) is Lima Company using financial leverage? if so, is the leverage favorable or unfavorable? Explain