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Profitability Ratios East Point Retail, Inc., seils professional women's apparel through company-owned retail stores. Recent financial Information for East Point is provided below (all numbers in thousands) Fiscal Year 3 Fiscal Year 2 $138,400 $71,400 Net Income Interest expense 2,800 10,700 Fiscal Year Fiscal Year 2 Fiscal Year 1 $2,044,225 $1,944,507 $1,704,381 1,168,234 1,145,100 838,234 Total assets (at end of fiscal year) Total stockholders' equity (at end of fiscal year) Assume the apparel Industry average return on total assets is 8.0%, and the werage return on stockholders equity is 15.0% for the year ended April 2, Year 3. - Determine the return on total assets for East Point for fiscal Years 2 and 3. Round to one decimal place Fiscal Year Fiscal Year 2 b. Determine the return on stockholders' equity for East Point for fiscal Years 2 and 3. Round te sne decimal place. Fiscal Year 3 Fiscal Year 2 The return on stockholders equity is the return on totalsts due to the use of leverage d. During a Year 3. East Point's results were compared to the industry average. The return on total assets for East Point was than the industry average. The return on stockholders equity was than the industry average. These relationship soggest that East Point leverage than the industry, on average Previous Next