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eBook Total assets (at end of fiscal year) Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total stockholders' equity (at end of fiscal year)
eBook Total assets (at end of fiscal year) Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total stockholders' equity (at end of fiscal year) $1,790,506 1,083,746 $1,703,164 1,062,286 $1,496,836 769,292 Assume the apparel industry average return on total assets is 5.0% and the average return on 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. If required, use a minus sign to indicate a negative return on stockholders' equity. Fiscal Year 31 Fiscal Year 2 % % c. In Fiscal Year 3, the return on stockholders' equity is greater than of leverage. the return on total assets due to the positive use
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