Analyzing and Interpreting Return on Assets Tiffany & Co. is one of the world's premier jewelers and a designer of other fine gifts and housewares. Presented here are selected income statement and balance sheet amounts (dollars in thousands). E5-17 05-4 Net sales Net income Average shareholders' equity Average total assets Current Year $3,642,937 439,190 2,263,190 3,947,331 Prior Year $3,085.290 368,403 2,030.357 3,612,015 Required Compute ROA for the current and prior years and explain the meaning of the change. . Explain the major cause(s) of the change in ROA using ROA profit driver analysis. E5-18 Aualyzing and Evaluatinn Return on Assets from a Security Analyst's Perspective