Profitability ratios

Ralph Lauren Corp. sells men's apparel through company-owned retail store. Recent financial info. for Ralph Lauren is provided below (all numbers in thousands).

Fiscal Year 3 Fiscal Year 2

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Net income $567,600 $479,500

Interest expense 18,300 22,200

Fiscal Year 3 Fiscal Year 2 Fiscal Year 1

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Total assets (at end of fiscal year) $4,981,100 $4,648,900 $4,356,500

Total stockholders' equity (at end of fiscal year) 3,304,700 3,116,600 2,735,100

Assume the apparel industy average rate earned 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 rate earned on total assets for Ralph Lauren for fiscal Years 2 and 3. Round to one digit after the decimal place.

b. Determine the rate earned on stockholders' equity for Ralph Lauren for fiscal Years 2 and 3. Round to one decimal place.

c. Evaluate the two-year trend for the profitability ratios determined in (a) and (b).

d. Evaluate Ralph Lauren's profit performanc relative to the industy.

Please show work