award 3.00 points Recent financ ial staiements for Madison Company follow : Asse

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award 3.00 points Recent financ ial staiements for Madison Company follow : Assets Current assets: Madison Company Bala nee Sheet June 30 Cash $ 21 ,000 Accounts receivable , net 160,000 Merchandise inventory 300,000 Prepaid expenses 9,000 Total current assets 490,000 Plant and equipment , net 810,000 Total assets $1 ,300,000 Liabilities and Stockholders' Equity Liabil ies: Current liabilities $ 200,000 Bonds payable , 10% 300,000 Totalliabil ies 500,000 Stockholders' equity : Common stock , $5 par value $100 ,000 Retained earnings 700 ,000 Total stockholders' equ 800,000 Totalliabil ies and stockholders' equ y $1 ,300,000 Madison Company Income Statement For the Year Ended June 30 Sales $2,100,000 Cost of goods sold 1,260,000 Gross margin 840,000 Selling and administrative expenses 660,000 Net operating income 180,000 Interest expense 30,000 Net income before taxes 150,000 Income taxes 45 ,000 Net income $ 105,000 Account balances at the beginning of the company 's fiscal year were: accounts receivable, $140,000 ; and inventory, $260,000 . All sales were on account. Assets at the beginning of the year totaled $1 ,100,000, and the stockholders ' equ totaled $725 ,000. Required: Compute the following : 1. Return on total assets. (Round your answer to 1 decimal place. Omit the "%" sign in your response., Return on total assets 2. Return on common stockholders ' equ . (Round your answer to 1 decimal place. Omit the"%" sign in your response., Return on common stockholders' equity 3. Was financial leverage positive or negative for the year? <' Positive INegative

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Nice Question, but please post presizely which part you need me to answer

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