Profitability ratios

Real World Scenario

Ralph Lauren Corporation sells apparel through company-owned retail stores. Recent financial information for Ralph Lauren follows (in thousands):

Fiscal Year 3 Fiscal Year 2 Net income $567,600 $479,500 Interest expense 18,300 22,200 Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 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