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23. thank u East Point Retail, Inc, sells apparel through company-owned retail stores. Financial information for East Point follows (in thousands): Assume the apparel industry
23. thank u
East Point Retail, Inc, sells apparel through company-owned retail stores. Financial information for East Point follows (in thousands): Assume the apparel industry averape return on total assets is 8.0%, and the average return on stockholders equity is 15.0% for the year ended April 2 , Year a. Determine the return on total assets for East Point for fiscal Years-2 and 3. Round your answers to one decimal place. b. Determine the return on stockholders' equity for East Point for fiscal Years 2 and 3. Round your answers to one decimal place Step by Step Solution
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