Ralph Lauren Corp. sells mens apparel through company-owned retail stores. Recent financial information for Ralph Lauren is

Ralph Lauren Corp. sells men’s apparel through company-owned retail stores. Recent financial information for Ralph Lauren is provided below (all numbers in thousands).

Assume the apparel industry average rate earned on total assets is 8.0%, and the average rate earned on stockholders’ equity is 10.0% for the year ended April 2, Year 3.
a. Determine the rate earned on total assets for Ralph Lauren for fiscal years 2 and 3. Round to one digit after the decimal place.
b. Determine the rate earned on stockholders’ equity for Ralph Lauren for fiscal years 2 and 3. Round to one decimal place.
c. Evaluate the two-year trend for the profitability ratios determined in (a) and (b).
d. Evaluate Ralph Lauren’s profit performance relative to theindustry.

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FiscalYear3 $567,600 18,300 Fiscal Year 3 $4,981,100 3,304,700 Fiscal Year 2 600 $479 500 Net income Interest expense 22,200 Fiscal Year 2 $4,648,900 3,116,600 Fiscal Year 1 $4,356,500 2,735,100 Total assets (at end of fiscal year) Total stockholders' equity (at end of fiscal year)