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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 companyowned retail stores. Financial information for Ralph Lauren follows in thousands:
Fiscal Year Fiscal Year
Net income $ $
Interest expense
Fiscal Year Fiscal Year Fiscal Year
Total assets at end of fiscal year $ $ $
Total stockholders' equity at end of fiscal year
Assume the apparel industry average return on total assets is and the average return on stockholders' equity is for the year ended April Year
a Determine the return on total assets for Ralph Lauren for fiscal Years and Round to one decimal place.
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