East Point Retail, Inc. sells apparel through company-owned retail stores. Recent financial information for East Point follows (in thousands): Fiscal Year 3 Fiscal Year 2 Net income (loss) Interest expense $135,700 2,800 $(69,900) 10,400 Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 < Total assets (at end of fiscal year) $1,595,084 Total stockholders' equity (at end of fiscal year) 938,747 $1,517,276 920,157 $1,350,582 668,479 Assume the apparel industry average return on total assets is 5.0% and the average recum stockholders equity is 8.0% for the year ended February 2, Year 3. a. Determine the return on total assets for East Point for fiscal Years 2 and 3. Round percentages to one decimal place. If required, use a minus sign to indicate a negative return on total assets. Fiscal Year 3 Fiscal Year 2 % % b. Determine the return on stockholders' equity for East Point for fiscal Years 2 and 3. Round percentages to one decimal place. I required, use a minus sign to indicate a negative return on stockholders' equity Fiscal Year 3 % Fiscal Year 2 " c. In Fiscal Year 3, the return on stockholders equity is greater than the return on total assets due to the Previous Next