Profitability Ratios

East Point, Inc., sells merchandise through company-owned retail stores and Internet Web sites. Recent financial information for East Point is provided below (all numbers in millions).

	Fiscal Year Ended
	Year 3		Year 2
Net income	$136,200		$70,100
Interest expense	2,800		10,500
	Year 3		Year 2		Year 1
Total assets	$1,272,098		$1,210,044		$1,060,378
Total stockholders' equity	876,191		858,841		299,837

a. Determine the rate earned 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 rate earned 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	%