Use Apparel’s financial statements in Exercise 12-65 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. Perform Dupont analysis for 2008 and 2009.
2. Explain what you learn about Apparel’s trends from 2008 to 2009 by comparing its performance to the industry averages.