Help Plz! East Point Retail, Inc., sells professional women's apparel through company-owned retail stores,...
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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). 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 fiscensyears 2 and 3. Round to one decimal place. 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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