Ralph Lauren Corporation (RL) sells apparel through company owned retail stores. Financial information for Ralph Lauren follows

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Ralph Lauren Corporation (RL) sells apparel through company owned retail stores. Financial information for Ralph Lauren follows (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 Ralph Lauren for fiscal years 2 and 3.
b. Determine the return on stockholders’ equity for Ralph Lauren for fiscal years 2 and 3.
c. Evaluate the changes in the profitability ratios determined in (a) and (b).
d. Evaluate Ralph Lauren’s profit performance relative to the industry.

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Financial And Managerial Accounting

ISBN: 9780357714041

16th Edition

Authors: Carl S. Warren, Jefferson P. Jones, William Tayler

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