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 $135,700 2,800 $69,900 10,400 Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets (at end of fiscal year) Total stockholders' equity (at end of fiscal year) $2,028,035 1,114,285 $1,929,107 1,092,219 $1,720,893 796,971 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 greater than the return on total assets due to the positive. use of leverage