EXERCISE 14-10 Selected Financial Ratios for Common Stockholders (LO2) Refer to the financial statements for Madison Corporation in Exercise 14-8. Assets at the beginning of the year totaled $1,100,000, and the stockholders' equity totaled $725,000. Required: Compute the following: 1. Return on total assets. 2. Return on common stockholders' equity. 3. Was financial leverage positive or negative for the year? Explain. PROPI EXERCISE 14-10 Selected Financial Ratios for Common Stockholders (LO2) Refer to the financial statements for Madison Corporation in Exercise 14-8. Assets at the beginning of the year totaled $1,100,000, and the stockholders' equity totaled $725,000. Required: Compute the following: 1. Return on total assets. 2. Return on common stockholders' equity. 3. Was financial leverage positive or negative for the year? Explain. PROPI