Selected financial data from the June 30 year-end statements of Safford Company are given below. Total assets at the beginning of the year were $3,000,000, total stockholders' equity was $2,200,000. The company's tax rate is 30%. Required: 1. Compute the return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 2. Compute the return on equity (Round your percentage answer to 1 decimol ploce (i.e., 0.1234 should be entered as 12.3 ).) 3 is financial leverage positive or negative? Selected financial data from the June 30 year-end statements of Safford Company are given below. Total assets at the beginning of the year were $3,000,000, total stockholders' equity was $2,200,000. The company's tax rate is 30%. Required: 1. Compute the return on total assets. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 2. Compute the return on equity (Round your percentage answer to 1 decimol ploce (i.e., 0.1234 should be entered as 12.3 ).) 3 is financial leverage positive or negative