Question

Use Apparel’s financial statements in Exercise 12-65 and the information below to respond to the following requirements.
January 1, 2008
Statement Item (In Thousands)
Total assets ............. $3,485,233
Total stockholders’ equity ....... 2,083,122

Required:
1. Compute the five profitability ratios for 2008 and 2009.
2. Explain what these ratios suggest about Apparel’s profitability. Indicate what other information you would like to know to further access Apparel’s profitability.



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  • CreatedJuly 23, 2012
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