Profitability Ratios East Point Retail, Inc., sells professional women's apparel through company-owned retail stores. Recent financial information for East Point is provided below (all numbers in thousands) Fiscal Year 3 Fiscal Year 2 Net income $137.500 $70.900 Interest expense 2,800 10,600 Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets (at end of fiscal year) $2,767,500 $2,632,500 $2,300,834 Total stockholders equity (at end of fiscal year) 1,187,029 1,164,307 358,551 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 2Year a. Determine the return on total assets for East Point for fiscal Years 2 and 3. Round 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 to one decimal place, Fiscal Year 3 Fiscal Year 2 96 c. The return on stockholders' equity is use of leverage the return on total assets due to the compared to the industry average. The return on total assets for East Point wat than the industry average. These relationships support that East Point nan d. During fiscal Year East Point's results were Industry average. The return on stockholders' equity was than the industry on average than the Previous Next