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 (al numbers in thousands). Fiscal Year 3 Fiscal Year 2 Net income Interest expense $154,700 3,200 $79,700 11,900. Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets (at end of fiscal year) Total stockholders' equity (at end of fiscal year) $3,763,895 1,249,976 $3,580,291 1,225,224 $3,204,895 900,110 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 4.5 x % 2.6 X % b. Determine the return on stockholders' equity for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year 3 12 X % Fiscal Year 2 8 x % c. The return on stockholders' equity is greater than the return on total assets due to the positive use of leverage.