Question: Thank you for your help! Selected financial data from the June 30 year-end statements of Safford Company are given below Total assets Long-term debt (111

 Thank you for your help! Selected financial data from the June

Thank you for your help!

Selected financial data from the June 30 year-end statements of Safford Company are given below Total assets Long-term debt (111 interest rate Total stockholders' equity Interest paid on long-ter det Net inom $5,400,000 $630,000 $2.400,000 69,900 $ 400.000 Total assets at the beginning of the year were $5.700.000 total stockholders' equity was $2.200,000. The company's tax rate is 35% Required: 1 Compute the return on total assets. (Round your percentage answer to 1 decimal place fie, 0.1234 should be entered os 12.3).) 2. Compute the return on equity (Round your percentage answer to 1 decimal place lie., 01234 should be entered as 12.3).) 3. Is financial leverage positive or negative? 1 Ratum total 2 Raumont 3. Focal Lee

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