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Computing and Disaggregating Return on Equity Following are selected balance sheet and income statement information from a recent annual report for a company. $ millions April 2, 2020 March 28, 2019 Income statement information: Sales $29,643 $34,275 Net income 1,980 3.229 Balance sheet information: Total assets 27,959 28,088 Total stockholders' equity 18,720 17,899 Answer the following questions, entering the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. a. Calculate Ralph Lauren's return on equity for the fiscal year ended April 2, 2020. b. Disaggregate return on equity to its DuPont components of activity (profit margin), activity (asset turnover), and leverage (financial leverage). Demonstrate how the product of the components is equal to return on equity. Profit margin x Asset turnover x Financial leverage = Return on equity $ $ $ * $ Computing Activity Ratios Selected balance sheet and income statement information follows for R.A. Corporation. R.A. Corporation $ millions April 2, 2020 March 28, 2019 Income statement information: Sales 560,732 $63,334 Cost of goods sold 26,709 27,557 Balance sheet information: Accounts receivable, gross 6,631 7,701 Inventory 9,563 8,857 Accounts payable 1,284 1,785 Required Compute the following ratios for its fiscal year ended April 2, 2020. Enter the answers rounded to two digits after the decimal; for example, enter 1.42 for 1.424, or 1.43 for 1.425. a. Accounts receivable turnover b. Average days to collect receivables c. Inventory turnover d. Average days in inventory e. Accounts payable turnover f. Average days payable outstanding g. Cash conversion cycle