East Point Retail, Inc., sells professional women's apparel through company-owned retail stores. Recent financial information for East Point is provided below (all numbers in thousands). Fiscal Year 3 Fiscal Year 2 $138,500 $71,300 Net income 2,800 10,700 Interest expense Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets $1,524,552 $1,283,150 $1,450,184 1,030,939 Total stockholders' equity 1,051,767 751,561 Assume the apparel industry average rate earned on total assets is 5.0%, and the average rate earned on stockholders' equity is 8.0% for the year ended February 2, Year 3. a. Determine the rate earned on total assets for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 % Fiscal Year 2 % b. Determine the rate earned on stockholders' equity for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 % Fiscal Year 2 %