The Records of Washington Company Showed the Following

The records of Washington Company showed the following:
Average Assets
$230,000
Revenues
$100,000
Average Liabilities
130,000
Operating Expenses**
(81,000)
Average Stockholders' equity*
100,000
Interest expense
(2,000)
Net income
$17,000
*10,000 shares outstanding; current market price, $30
**Including income tax; income tax rate is 30%
Required:
Calculate each of the following ratios:
A.Return on assets
B.Return on equity
C.Financial leverage percentage
D.Is the financial leverage percentage positive or negative?