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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 $5,500,000:
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 $5,500,000: total stockholders' equity was $2,600,000. The company's tax rate is 35%. Compute the return on total assets. Compute the return on equity. Is financial leverage positive or negative
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