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) 2 Fiscal Year 3 Fiscal Year Net income $132,300 $68,100 Interest expense 2,700 10,200 Fiscal Year 2 Fiscal Year 3 Fiscal Year 1 Total assets $1,293,224 $1,230,140 $1,107,174 Total stockholders' equity 1,039,500 752,606 1,060,500 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 6.81 x % 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