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 $135,700 $69,900 Interest expense 2,800 10,400 Fiscal Year 3 Fiscal Year 2 $1,929,107 Fiscal Year 1 $1,720,893 Total assets (at end of fiscal year) $2,028,035 Total stockholders' equity (at end of fiscal year) 1,114,285 1,092,219 796,971 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 21 % c. The return on stockholders' equity is greater than the return on total assets due to the positive use of leverage.