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Profitability Ratios Ralph Lauren Corporation ( RL ) sells apparel through company - owned retail stores. Financial information for Ralph Lauren follows ( in thousands

Profitability Ratios
Ralph Lauren Corporation (RL) sells apparel through company-owned retail stores. Financial information for Ralph Lauren follows (in thousands):
Fiscal Year 3 Fiscal Year 2
Net income $396,400 $702,200
Interest expense 21,00016,700
Fiscal Year 3 Fiscal Year 2 Fiscal Year 1
Total assets (at end of fiscal year) $6,213,100 $6,106,000 $6,088,000
Total stockholders' equity (at end of fiscal year)3,743,5003,891,0004,034,000
Assume the apparel industry average return on total assets is 8.0%, and the average return on stockholders' equity is 15.0% 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 to one decimal place.

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