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Total assets at the beginning of the year were $5,000,000; total stockholders' equity was $2,000,000. The company's tax rate is 35% Required: 1. Compute the
Total assets at the beginning of the year were $5,000,000; total stockholders' equity was $2,000,000. 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
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