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 | $153,100 | $78,800 | ||||
| Interest expense | 3,100 | 11,800 | ||||
| Fiscal Year 3 | Fiscal Year 2 | Fiscal Year 1 | ||||
| Total assets (at end of fiscal year) | $3,905,000 | $3,714,512 | $3,254,718 | |||
| Total stockholders' equity (at end of fiscal year) | 1,333,026 | 1,306,630 | 944,798 | |||
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 |
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