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 $5,000,000; total stockholders' equity was $1,900,000. 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., 0.1234 should be entered as 12.3).) 2. Compute the return on equity. (Round your percentage answer to 1 decimal place (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 $5,000,000; total stockholders' equity was $1,900,000. 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., 0.1234 should be entered as 12.3).) 2. Compute the return on equity. (Round your percentage answer to 1 decimal place (i.e., 0.1234 should be entered as 12.3).) 3. Is financial leverage positive or negative