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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 $144,000 $74,100
Interest expense 2,900 11,100
Year 3 Year 2 Year 1
Total assets $1,434,024 $1,364,072 $1,217,746
Total stockholders' equity 956,842 937,894 385,320

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 10.3 % ( Incorrect )
Year 2 fill in the blank 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 fill in the blank 3 %
Year 2 fill in the blank 4 %

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