Ralph Lauren Corporation (RL) sells apparel through company owned retail stores Financial information for Ralph Lauren follows (in thousands) Assume the apparel industry average return on total assets is 8 0 , and the average return on stockholders equity is 15 0 for the year ended April 2, Year 3 ...

Ralph Lauren Corporation (RL) sells apparel through company-owned retail stores. Financial information for Ralph Lauren follows (in

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Ralph Lauren (RL) sells apparel through company-owned retail stores. Financial information for Ralph Lauren follows (in thousands):

Fiscal Year 3 Fiscal Year 2 Net income $702,200 $396,400 Interest expense 16,700 Fiscal Year 2 Fiscal Year 3 Fiscal Year

Assume the apparel industry average return on total assets is 8.0%, and the average return on stockholders€™ equity is 15.0% 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.

Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...

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Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

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

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Question Posted: Jul 30, 2018 02:04 PM

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Ralph Lauren Corporation (RL) sells apparel through company-owned retail stores. Financial information for Ralph Lauren follows (in

Question:

Fiscal Year 3 Fiscal Year 2 Net income $702,200 $396,400 Interest expense 16,700 Fiscal Year 2 Fiscal Year 3 Fiscal Year 1 Total assets (at end of fiscal year) Total stockholders' equity (at end of fiscal year) $6,213,100 $6,106,000 $6,088,000

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a b c Both the return on total assets and the return on stockholders equity have decre...View the full answer

Corporate Financial Accounting

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