Check my work 9 Exercise 14-11 (Algo) Financial Ratios for Assessing Profitability and Managing Debt (L014.4, LO14-5) 4.48 point Stopped Selected financial data from the June 30 year-end statements of Safford Company are given below Total assets 5.5,900,000 Long-term debt (98 Interest rate) $710.000 Total stockholders equity $ 3,100,000 Interest paid on long-tern debt $ 63,900 et income $390.000 Total assets et the beginning of the year were $5,700,000 total stockholders' equity was $2,900,000. The company's tax rate is 30% Required: 1. Compute the return on total assets. (Round your percentage answer to 1 decimal place fi.e., 0.1234 should be entered as 12.3).) 3. Compute the return on equity (Round your percentage answer to 1 decimal place fle, 0.1234 should be entered as 12.31) 3. Is financial leverage positive or negative? Wences 1. Rotum on total 2. Return on equity 3. Financial Leverage Mc