=+Assume the apparel industry average rate earned on total assets is 8.2%, and the average rate earned on stockholders’ equity is 10.0% for the year ended February 3, 2007

(fiscal year 2006).

a. Determine the rate earned on total assets for Ann Taylor for the fiscal years ended February 3, 2007, and January 28, 2006. Round to one digit after the decimal place.