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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

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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 numbers in millions). Year 3 Year 2 Net income $139,500 $71,800 Interest expense 2,800 10,700 Year 3 Year 2 Year 1 Total assets $1,757,319 $1,671,597 $1,501,479 Total stockholders' equity 909,000 891,000 740,818 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 7.9 X % Year 2 4.3 X % 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 % exceeds the return on total assets due to the c. For East Point, the return on stockholders' equity positive use of leverage

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