Question 3 (23 Points) 1. Calculate the Return on Equity (ROE) for 2022 and 2021. 2. Disaggregate the ROE into Return on Assets (ROA) and Financial Leverage (FL) for each year. 3. Disaggregate ROA into Net Profit Margin (NPM) and Asset Turnover (AT) for each year. 4. How do each of the following affect (increase or decrease) Canadian Tire Corp.'s ROE from 2021 to 2022? a) Profit Margin b) Asset Turnover c) Financial Leverage Question 4 (20 Points) 1. Calculate Net Operating Profit After Taxes (NOPAT) for 2021 and 2022. You may assume a statutory tax rate of 26%. (Show your calculations). 2. Calculate Net Operating Assets (NOA) for 2021 and 2022. 3. Calculate Return on Net Operating Assets (RNOA) for 2021 and 2022. 4. How has the return on operating activities changed between 2021 and 2022? Question 5 (22 Points) Compute the following for Canadian Tire Corporation for 2021 and 2022 1. Accounts Receivable Turnover 2. Days Sales Outstanding 3. Inventory Turnover 4. Days Inventory Outstanding 5. Accounts Payable Turnover 6. Days Payables Outstanding 7. Cash Conversion Cycle