im posting this question again, as i got incorrect answers the first time.

Exercise 16-11 (Algo) Financial Ratios for Assessing Profitability and Managing Debt (LO16-4, LO16-5] 4 Selected financial data from the June 30 year-end statements of Safford Company are given below: 0.8 points Total assets Long-term debt (11% interest rate) Total stockholders' equity Interest paid on long-term debt Net income $5,900,000 $ 550,000 $3,100,000 60,500 $ 460,000 Skipped Total assets at the beginning of the year were $5,700,000; total stockholders' equity was $2,900,000. The company's tax rate is 35%. eBook Required: 1. Compute the return on total assets. (Round your percentage answer to 1 decimal place (I.e., 0.1234 should be entered as 12.3).) 2. Compute the return on equity. (Round your percentage answer to 1 decimal place (l.e., 0.1234 should be entered as 12.3).) 3. Is financial leverage positive or negative? References 1. Return on total assets 2. Return on equity 3. Financial Leverage