Profitability Ratios East Point Retail, Inc., sells apparel through company-owned retail stores. Financial information for East Point follows (in thousands): Fiscal Year 3 Fiscal Year 2 Net income $132,600 $68,300 Interest expense 2,700 10,200 Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets (at end of fiscal year) $3,014,837 Total stockholders' equity (at end of fiscal year) 992,044 $2,867,771 972,400 $2,546,023 714,020 Assume the apparel industry average return on total assets is 8.0 %, and the average return on stockholders' equity is 15.0% for the year ended April 2, Year 3. a. Determine the return on total assets for East Point for fiscal Years 2 and 3. Round your answers 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 your answers to one decimal place. Fiscal Year 3 % Fiscal Year 2 % c. The return on stockholders' equity is greater than the return on total assets due to the positive V use of leverage.