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plz help Assume the apparel industry average return on total assets is 8.096, and the average return on stockholders' equity is 15 .09b for the
plz help
Assume the apparel industry average return on total assets is 8.096, and the average return on stockholders' equity is 15 .09b for the year ended April 2, Year 3 . a. Determine the return on total assets for East Polnt for fiscal Years 2 and 3 , Round your answers to one decimal place. b. Determine the return on stocicholders ecuiby for East Point for fiscal Years 2 and 3 , Round your answers to one decimal place. Fiscal Year 3 Fiscal Year 2 c. The return on stockholders' equity is the return on total assets due to the uge of leverage. d. During fiscal 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 retum on stockholders equity was than the Industry average. These relationships fuggest that East Point has feverage than the industry, on average Step by Step Solution
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