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Selected financial data from the June 30, 2022 year-end statements of Salford Company are given below: Total assets in the beginning of the year were

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Selected financial data from the June 30, 2022 year-end statements of Salford Company are given below: Total assets in the beginning of the year were $3,000,000. Total stockholders' equity in the beginning of year was $2,200,000. The company's tax rate is 30%. a) Compute the return on total assets. b) Compute the return on equity. c) Is financial leverage positive or negative? Explain

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