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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

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)... Net income Interest expense Fiscal Year 3 Fiscal Year 2 $129,500 2,600 $66,600 10,000 Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total stockholders' equity (at end of fiscal year) $2,220,646 890,313 $1,919,894 658,525 Total assets (at end of fiscal year) $2,334,526 908,299 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 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 % c. The return on stockholders' equity is) the return on total assets due to the use of leverage. d. During fiscal Year 3, East Point's results were that East Point has compared to the industry average. The return on total assets for East Point was than the industry average. The return on stockholders' equity was than the industry average. These relationships suggest leverage than the industry, on average

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