Profitability Ratios East Point Retail, Inc. sells apparel through company-owned retail stores. Recent financial information for East Point follows (in thousands): Fiscal Year 3 Fiscal Year 2 Net income $142,700 $73,400 Interest expense 2,900 11,000 Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 $1,658,222 $1,577,334 $1,384,070 Total assets (at end of fiscal year) Total stockholders' equity (at end of fiscal year) 1,083,661 1,062,203 772,797 Assume the apparel industry average return on total assets is 5.0% and the average return on stockholders' equity is 8.0% for the year ended February 2, Year 3. a. Determine the return on total assets for East Point for fiscal Years 2 and 3. Round percentages to one decimal place. Fiscal Year 3 % Fiscal Year 2 % b. Determine the return on stockholders' equity for East Point for fiscal Years 2 and 3. Round percentages 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 use of leverage. compared to the industry average. These relationships suggest that East Point's has d. During fiscal Year 3, East Point's results were leverage than the industry, on average