Computing and Disaggregating Return on Equity Following is selected income statement and balance sheet information from a recent Form 10-K for Ralph Lauren Corporation. $ millions Current Fiscal Year Prior Fiscal Year Income statement information: Sales Net income $16,610 $17,118 792 1,404 Balance sheet information: Total assets 12,426 12,212 Total stockholders' equity 6,519 6,775 Answer the following questions. Note: Round to the nearest whole dolllar a. Calculate return on equity for the current fiscal year. Numerator Denominator Ratio Return on equity $ 0+ $ Result 0 = 96 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. Ratio Numerator Denominator Profit margin $ 0+ $ 0 = Asset turnover Financial leverage $ 0 + $ 0 = $ 0 $ 0 = Return on equity 96 X Result 96 96