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 $155,100 3,200 Fiscal Year 3 $1,410,935 1,273,586 Fiscal Year 2 $79,900 11,900 Fiscal Year 2 $1,342,109 1,248,366 Net income Interest expense Fiscal Year 1 $1,207,891 911,094 Total assets Total stockholders' equity 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 c. The rate earned on stockholders' equity is greater than the rate earned on total assets due to the positive use of leverage d. During fiscal Year 3, East Point's results were strong compared to the industry average. These relationships suggest that East Point has more leverage than the industry, on average