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I need help with part b and please show me how you got the answer! East Point Retail, Inc., sells professional women's apparel through company-owned

I need help with part b and please show me
how you got the answer! image text in transcribed
East Point Retail, Inc., sells professional women's apparel through company-owned retail stores. Recent financial information for East Point is provided below (all nu Fiscal Year 3 Fiscal Year 2 Net income $139,200 $71,700 Interest expense 2,800 10,700 Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets (at end of fiscal year) $3,307,955 $3,146,591 $2,739,123 Total stockholders' equity (at end of fiscal year) 976,334 957,000 710,442 Assume the apparet industry average return on total assets is 8.0%, and the average return on stockholders' equity is 15.0% for the year ended April 2, Year 3. a. Determine the return on total assets for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 4.4 % Fiscal Year 2 2.8 b. Determine the return on stockholders' equity for East Point for fiscal Years 2 and 3. Round to one decimal place, Fiscal Year 3 4.4 X Fiscal Year 2 8.6 %

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