Selected financial data from the June $30$ year$-$end statements of Safford Company are given below:

Total assets

Long$-$term debt $(12\%$ interest rate$)$

Total stockholders' equity

Interest paid on long$-$term debt

Net income

$$3,600,000$

$$500,000$

$$2,400,000$

$$60,000$

$$280,000$

Total assets at the beginning of the year were $$3,000,000$; total stockholders' equity was $$2,200,000.$ The company's tax rate is $30\%.$

Required:

Compute the return on total assets. $($Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).)$

Compute the return on equity. $($Round your percentage answer to $1$ decimal place $($i$.$e$.,0\mathrm{.}1234$ should be entered as $12\mathrm{.}3).)$

Is financial leverage positive or negative?

$\backslash$table$[[1.$ Return on total assets,$],[2.$ Return on equity,$\%$