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 $132,400 $68,200 Interest expense 2,700 10,200 Fiscal Year Fiscal Year Fiscal Year 3 2 1 Total assets (at end of fiscal year) Total stockholders' equity (at end of fiscal year) $3,550,706 $3,377,500 $2,894,500 948,397 929,617 675,089 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 leverage. d. During fiscal Year 3, East Point's results were total assets for East Point was the return on total assets due to the use of compared to the industry average. The return on than the industry average. The return on stockholders' equity was than the industry average. These relationships suggest that East Point has than the industry, on average. leverage