Ann Taylor Stores Corp. sells professional women's apparel through company-owned retail stores. Recent financial information for Ann

Question:

Ann Taylor Stores Corp. sells professional women's apparel through company-owned retail stores. Recent financial information for Ann Taylor is provided below (all numbers in millions).


Ann Taylor Stores Corp. sells professional women's apparel throu


The apparel retail industry average rate earned on total assets is 8.2%, and the average rate earned on stockholders' equity is 16.7% for fiscal year 2004 (mostly January 29, 2005-dated statements).
a. Determine the rate earned on total assets for Ann Taylor for the fiscal years ended January 29, 2005, and January 31, 2004. Round to one decimal place.
b. Determine the rate earned on stockholders' equity for Ann Taylor for the fiscal years ended January 29, 2005, and January 31, 2004. Round to one decimal place.
c. Evaluate the two-year trend for the profitability ratios determined in (a) and (b).
d. Evaluate Ann Taylor's profit performance relative to theindustry.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting An Integrated Statements Approach

ISBN: 978-0324312119

2nd Edition

Authors: Jonathan E. Duchac, James M. Reeve, Carl S. Warren

Question Posted: