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.
a. Determine the return on total assets for Ralph Lauren for fiscal years 2 and 3.
b. Determine the return on stockholders’ equity for Ralph Lauren for fiscal years 2 and 3.
c. Evaluate the changes in the profitability ratios determined in (a) and (b).
d. Evaluate Ralph Lauren’s profit performance relative to the industry.

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Net income Interest expense Total assets (at end of fiscal year) Total stockholders' equity (at end of fiscal year) Fiscal Year 3 $384,300 17,600 Fiscal Year 3 $7,279,900 2,693,300 Fiscal Year 2 $430,900 20,700 Fiscal Year 2 $5,942,800 3,287,200 Fiscal Year 1 $6,143,300 3,457,400