Selected financial data from the June 30 year-end statements of Safford Company are given below. Total assets Long-term debt (9% interest rate) Total stockholders' equity Interest paid on long-term debt Net income $5,600,000 $630,000 $2.500.000 $ 56,700 $ 410.000 Total assets at the beginning of the year were $5,400,000; total stockholders' equity was $2,600,000. The company's tax rate is 30%. Required: 1. Compute the return on total assets. (Round your percentage answer to 1 decimal place (1.4 0.1234 should be entered as 12.3).) 2. Compute the return on equity (Round your percentage answer to 1 decimal place (.e., 0.12.34 should be entered as 12.3).) 3. Is financial leverage positive or negative? 1. Return on total assets 2 Return on equity 3. Financial Leverage