Protitability ratios Real World Scenario Ralph Lauren Corporation sells apparel through company-owned retail stores. Recent financial information for Ralph Lauren follows (in thousands): Net income Interest expense Fiscal Year 3 $567,600 18,300 Fiscal Year 2 $479,500 22,200 Total assets (at end of fiscal year) Total stockholders' equity (at end of fiscal year) Fiscal Year 3 $4,981,100 3,304,700 Fiscal Year 2 $4,648,900 3,116,600 Fiscal Year 1 $4,356,500 2,735,100 Exercises Assume that the apparel industry average return on total assets is 8.0% and the average return 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. b. Determine the return on stockholders' equity for Ralph Lauren for fiscal Years 2 and 3. Round percentages 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 performance relative to the industry. Page 1 of 1 128 words DE Accessibility: Good to go 39 E E -- 100 e 9 R - + 67% 6:50 PM 3/9/2020 W ^ 5x