2 and 6?

A comparative income statement is given below for MeKenzie Sales, Limited, of Toronto: Members of the company's board of directors are surprised to see thet net income increased by only $141,500 whien sales increased by $1,752,000 Required: 1. Express each year's inconje statement in common-size percentages. (Round your percentage answers to 1 decimat piace (i.e. 0.1234 should be entered as 12.3 ). Selected financial data from the June 30 year-end statements of Safford Company are given below: Total assets at the beginning of the year were $4,900,000, total stockholders' equity was $2,600,000. The company's tax rate is 30% Required: 1. Compute the return on total assets. (Round your percentage answer to 1 decimal place (l.e., 0.1234 should be entered as 12.3). 2. Compute the teturn on equity (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 3. is financial leverage positive or negative