Ralph Lauren Corporation sells apparel through company-owned retail stores. Recent financial information for Ralph Lauren follows (in thousands):

Assume that the apparel industry average return on total assets is 8.0% and the average return on stockholders’ equity is 10.0% for the year ended April 2, Year 3. 

a. Determine the return on total assets for Ralph Lauren for fiscal Years 2 and 3. Round percentages to one decimal place.

b. Determine the return on stockholders’ equity for Ralph Lauren for fiscal Years 2 and 3. Round percentages 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 the industry.

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Fiscal Vear 3 $162,800 Fiscal Year 2 Net income (loss) Interest expense S(99,300) 18,200 12,400 Fiscal Year 3 $6,143,300 Fiscal Year 2 Fiscal Year 1 Total assets (at end of fiscal year) Total stockholders'equity (at end of fiscal year) $6,213,100 3,743,500 $5,652,000 3,457 400 3,299,600