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 $158,100 $81,400 Interest expense 3,200 12,200 Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets (at end of fiscal year) $2,952,366 $2,808,348 $2,540,224 Total stockholders' equity (at end of fiscal year) 1,267,310 1,242,214 899,892 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 10.7 X % 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. than the industry average. The return on stockholders' equity was d. During fiscal Year 3, East Point's results were weak compared to the industry average. The return on total assets for East Point was less less than the industry average. These relationships suggest that East Point has less leverage than the industry, on average