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Selected financial data from the June 30 year-end statements of Safford Company follow: Total assets at the beginning of the year were $3,000,000; total shareholders'

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Selected financial data from the June 30 year-end statements of Safford Company follow: Total assets at the beginning of the year were $3,000,000; total shareholders' equity was $2,210,000. There has been no change in the preferred shares during the year. The company's tax rate is 30%. Required: 1. Compute the return on fotal assets. (Round your answer to 1 decimal place.) 2. Compute the return on common shareholders' equity. (Round your answer to 1 decimal place.)

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