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  1. business
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  3. proritability ratios east point retail, inc., sell

Proritability Ratios East Point Retail, Inc., sells apparel through companyrowned retail stores, Financial information for...

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Proritability Ratios East Point Retail, Inc., sells apparel through companyrowned retail stores, Financial information for East Point follows (in thousands): age return on total assets is 8.0%, and the average return on stockholders' equity is 15.0% for the vear ended April 2 , Year 3 . a. Determine the return on total assets for Esst Point for fiscal Years 2 and 3. Reund your answers to one decimal place. b. Determine the return on stockholders' equity for East Point for fisal Years 2 and 3. Round your answers to one decimal place. Fiscal Year 3 Fiscal Year 2 c. The retum on stockholders' equaty is the return on total assets due to the we of leverage. d. During fiscal Year 3, fant Point's results were compared to the industry average. The return on total assets for tast Point was the industry average. The retum on stockholders' equity was leverage than the industry, on average. than the industry average. These relationships wggest that East Point has

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