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Profitability Metrics East Point, Inc., sells merchandise through company-owned retail stores and an Internet Website. Recent financial information for East Point is provided below (all
Profitability Metrics East Point, Inc., sells merchandise through company-owned retail stores and an Internet Website. Recent financial information for East Point is provided below (all numbers in millions). Year 3 Year 2 Net income $143,700 $74,000 Interest expense 2,900 11,000 Year 3 Year 2 Year 1 Total assets $1,707,557 $1,624,261 $1,466,649 Total stockholders' equity 1,075,088 1,053,800 537,598 a. Determine the return on total assets for East Point for the fiscal Years 2 and 3. Round your percentage answers to one decimal place. Year 3 % Year 2 % b. Determine the return on stockholders' equity for East Point for the fiscal Years 2 and 3. Round your percentage answers to one decimal place. Year 3 % Year 2 %
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