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East Point, Inc., sells merchandise through company-owned retail stores and an Internet Website. Recent financial information for East Point is provided below (all numbers in
East Point, Inc., sells merchandise through company-owned retail stores and an Internet Website. Recent financial information for East Point is provided below (all numbers in millions).
Year 3 | Year 2 | |||||
Net income | $150,100 | $77,300 | ||||
Interest expense | 3,100 | 11,600 | ||||
Year 3 | Year 2 | Year 1 | ||||
Total assets | $2,013,206 | $1,915,000 | $1,713,572 | |||
Total stockholders' equity | 1,060,146 | 1,039,154 | 823,496 |
a. Determine the return on total assets for East Point for the fiscal Years 2 and 3. Round your percentage answers to one decimal place.
Year 3 | ? % |
Year 2 | ? % |
b. Determine the return on stockholders' equity for East Point for the fiscal Years 2 and 3. Round your percentage answers to one decimal place.
Year 3 | ? % |
Year 2 | ? % |
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