East Point Retail, Inc., sells apparel through company$-$owned retail stores. Financial information for East Point follows $($in thousands$)$:

Fiscal Year $3$ Fiscal Year $2$

Fiscal Year $3$ Fiscal Year $2$ Fiscal Year $1$

Assume the apparel industry average return on total assets is $8\mathrm{.}0\%,$ and the average return on stockholders' equity is $15\mathrm{.}0\%$ for the year ended April $2,$ Year $3.$

a$.$ Determine the return on total assets for East Point for fiscal Years $2$ and $3.$ Round your answers to one decimal place.

Fiscal Year $3$

$\%$

Fiscal Year $2$

$\%$

$\%$

b$.$ Determine the return on stockholders' equity for East Point for fiscal Years $2$ and $3.$ Round 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

use 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 return on stockholders' equity was

: than the industry average. These relationships suggest that East Point has

leverage than the industry, on average.