4 Selected financial data from the June 30 year-end statements of Safford Company are given below Total assets 1.42 points eBook Ask Long-term debt (10% interest rate) Total stockholders' equity Interest paid on long-term debt Net Incone $5,100,000 $690,000 $ 2,300,000 $09,000 $470,000 Total assets at the beginning of the year were $4,900,000, total stockholders' equity was $2,100,000. The company's tax rate is 30% Required: 1 Compute the return on total assets (Round your percentage answer to 1 decimal place (ie., 0.1234 should be entered as 12.3).) 2 Compute the return 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? 1. Return on total assets Print 2 Return on equity 3. Financial Leverage References