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 $146,800 $75,600 Interest expense 3,000 11,300 Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets $1,582,938 $1,505,722 $1,343,458 Total stockholders' equity 1,167,465 1,144,347 845,127 Assume the apparel Industry average rate camed on total assets is 5.0%, and the average rate eamed on stockholders equity is 80% for the year ended February 2, Year 3 a. Determine the rate earned on total assets for East Point for fiscal Years 2 and 3. Round to one decimal place. Fiscal Year Fiscal Year 2 b. Determine the rate earned on stockholders' equity for East Point for fiscal Years 2 and 3. Round to one decimal place Fiscal Year Fiscal Year 2 * c. The rate earned on stockholders' equity is greater than the rate earned on total assets due to the positive use of leverage d. During hiscal Year 3, East Point's results were strong leverage than the industry, on average. compared to the industry average. These relationships suggest that East Point has more