Selected financial data from the June 30 year-end statements of Safford Company are given below: Total assets Long-term debt (11% interest rate) Total stockholders' equity Interest paid on long-term debt Net income $5,600,eee $ 650, eee $2,300, eee $ 71,5ee $ 420, eee Total assets at the beginning of the year were $5,400,000, total stockholders' equity was $2,100,000. The company's tax rate is 30% Required: 1. Compute the return on total assets. (Round your percentage answer to 1 decimal place (.e., 0.1234 should be entered as 12.3).) 2. Compute the return on equity. (Round your percentage answer to 1 decimal place (.e., 0.1234 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