I have tried them and, solved the last one but when it comes to wording I'm having a little problem, I would be really grateful if you did tell me.

Thank you,

Selected financial data from the June 30 year-end statements of Safford Company are given below Total assets Long-term debt (9% interest rate) Total stockholders' equity Interest paid on long-term debt Net income 5,700,0e0 730,0e0 $2,400,000 65,700 s 390,000 Total assets at the beginning of the year were $5.500,000; 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 (i.e., 01234 should be entered as 12.3).) 2. Compute the return on equity. (Round your percentage answer to 1 decimal place (ie, 0.1234 should be entered as 12.3).) 3.Is financial leverage positive or negative? Return on total 810% 17 7 % 1 assets 2 Return on equity 3. Financial Leverage Positive Norsk Optronics, ALS, of Bergen, Norway, had a current ratio of 4 on June 30 of the current year. On that date, the company's assets were Cash Accounts receivable, net Inventory Prepaid expenses Plant and equipment, net Total assets 65,000 400,800 690,000 8,000 1,760,000 $2,923,0e0 Required: 1. What was the company's working capital on June 30? 2. What was the company's acid-test ratio on June 30? (Round your answer to 2 decimal places.) 3. The company paid an account payable of $44,000 immediately after June 30 a. What effect did this transaction have on working capital? b.What effect did this transaction have on the current ratio? (Round your intermediate calculations to 1 decimal place.) 72,250 Working capital Acid-test ratio 2 3a Effect on working capital Working capital would decrease 3b. Effect on current ratio Current ratio would increase