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eBook Question Content Area Profitability Metrics East Point, Inc., sells merchandise through company-owned retail stores and an Internet Website. Recent financial information for East Point
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Question Content Area
Profitability Metrics
East Point, Inc., sells merchandise through company-owned retail stores and an Internet Website. Recent financial information for East Point is provided below (all numbers in millions).
Year 3 | Year 2 | |||||
Net income | $150,500 | $77,500 | ||||
Interest expense | 3,100 | 11,600 | ||||
Year 3 | Year 2 | Year 1 | ||||
Total assets | $1,640,000 | $1,560,000 | $1,410,000 | |||
Total stockholders' equity | 1,160,344 | 1,137,366 | 382,242 |
a. Determine the return on total assets for East Point for the fiscal Years 2 and 3. Round your percentage answers to one decimal place.
Year 3 | fill in the blank 1 % |
Year 2 | fill in the blank 2 % |
b. Determine the return on stockholders' equity for East Point for the fiscal Years 2 and 3. Round your percentage answers to one decimal place.
Year 3 | fill in the blank 3 % |
Year 2 | fill in the blank 4 % |
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