EX 14-18 Profitability ratios obi.5 VA. Year 3 return on Ralph Lauren Corporation sells apparel through company-owned retail stores. Recen total assets, 12.2% financial information for Ralph Lauren follows (in thousands): Fiscal Year 3Fiscal Year 2 $479,500 22,200 $567,600 18,300 Fiscal Year 3 $4,981,100 3,304,700 Net income REAL WORLD Interest expense Total assets (at end of fiscal year) Total stockholders' equity (at end of fiscal year) Fiscal Year 2 Fiscal Year 1 $4,648,900 $4,356,500 3,116,600 2,735,100 Assume the apparel industry average return on total assets is 8.0% , and the average rate earned on stockholders' equity is 10.0% for the year ended April 2, Year 3. A. Determine the return on total assets for Ralph Lauren for fiscal Years 2 and 3. Round percentages to one decimal place.) ine the return on stockholders' equity for Ralph Lauren for fiscal Years 2 and 3 Evaluate the two-year trend for the profitability ratios determined in (A) and (B) (Round percentages to one decimal place.) C. D Evaluate Ralph Lauren's profit performance relative to the industry EXERCISE 14-18 A. Return on Total Assets Fiscal Year 3 Fiscal Year 2 B. Return on Stockholders' Equity Fiscal Year 3: Fiscal Year 2: . . D