$4\mathrm{.}11$ Calculating ROCE and Its Components. Phillips$-$Van Heusen, an apparel

manufacturer, reported net income $($amounts in thousands$)$ for Year $4$ of $$58,615$ on sales of $$1,460,235.$

It declared preferred dividends of $$21,122.$ Preferred shareholders$$ equity totaled $$264,746$ at both the

beginning and end of Year $4.$ Common shareholders$$ equity totaled $$296,157$ at the beginning of Year $4$

and $$364,026$ at the end of Year $4.$ Phillips$-$Van Heusen had no noncontrolling interest in its equity.

Total assets were $$1,439,283$ at the beginning of Year $4$ and $$1,549,582$ at the end of Year $4.$ Compute

the rate of ROCE for Year $4$ and disaggregate it into profit margin for ROCE, assets turnover, and capital

structure leverage ratio components.