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Assume the apparel industry average return on total assets is 8.0%, and the average return on stockholders' equiky is 15.0% for the year ended Apri

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Assume the apparel industry average return on total assets is 8.0%, and the average return on stockholders' equiky is 15.0% for the year ended Apri 2 , Year 3 . 3. Determine the return on total assets for East Point for fiscal Yeen 2 and 3. Round your answers to one decimal place. Fiscal Year 3 Fiscal Year 2 b. Determine the ceturn on stockholders' equity for East Point for fiscal Years 2 and 3 , Pound your answers to one decimal place. Fiscal Year 3 Fiscal Year 2 c. The return on stockholders equity is the return on total assets due to the whe of leverage. d. During fiscal Year 3, East Point's results were compared to the industry average. The return on total assets for East Point was than the industry average. The retum on stockholders' equity was than the industry averege. These relabonships suggest that Eost Point has leverage than the industry, on average

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