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Macy's, Inc. (M) , sells merchandise through company-owned retail stores and Internet website. Recent financial information for Macy's is provided below (all numbers in millions).

Macy's, Inc. (M), sells merchandise through company-owned retail stores and Internet website. Recent financial information for Macy's is provided below (all numbers in millions).

Year 3 Year 2
Net income $1,526 $1,486
Interest expense 864 804
Year 3 Year 2 Year 1
Total assets $21,461 $21,620 $20,991
Total stockholders' equity 5,378 6,249 6,051

Assume the apparel industry's average return on total assets is 8.2%, and the average return on stockholders equity is 10.0% for Year 3.

a. Determine the return on total assets for Macys for Years 2 and 3. Round your percentage answers to one decimal place.

Year 3 %
Year 2 %

b. Determine the return on stockholders equity for Macys for Years 2 and 3. Round your percentage answers to one decimal place.

Year 3 %
Year 2 %

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