Selected financial data from the June 30 year-end statements of Safford Company are given below: Total assets Long-term debt (11% interest rate) Total stockholders' equity Interest paid on long-term debt Net income $6,eee eee $ 740, eee $2,800,eee $ 81,40e $ 370,eee Total assets at the beginning of the year were $5.800.000: total stockholders' equity was $2,600,000. The company's tax rate is 35%. Required: 1. compute the return on total assets. (Round your percentage answer to 1 decimal place (le., 0.1234 should be entered as 123).) 2 Compute the return on equity. (Round your percentage answer to 1 decimal place (Le., 0.1234 should be entered as 123).) 3. Is financial leverage positive or negative? 1. Return on total assets 2 Return on equity 3. Financial Leverage