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 $$145,400$ $$74,900$

Interest expense $3,00011,200$

Fiscal Year $3$ Fiscal Year $2$ Fiscal Year $1$

Total assets $$1,690,111$ $$1,607,667$ $$1,413,385$

Total stockholders' equity $1,026,9511,006,615735,245$

Assume the apparel industry average rate earned on total assets is $5\mathrm{.}0\%,$ and the average rate earned on stockholders' equity is $8\mathrm{.}0\%$ 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 $3$ fill in the blank $1$

$\%$

Fiscal Year $2$ fill in the blank $2$

$\%$

b$.$ Determine the rate earned on stockholders' equity for East Point for fiscal Years $2$ and $3.$ Round to one decimal place.

Fiscal Year $3$ fill in the blank $3$

$\%$

Fiscal Year $2$ fill in the blank $4$

$\%$