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Ralph Lauren Corp. sells men's apparel through company-owned retail stores. Recent financial information for Ralph Lauren follows (all numbers in thousands): Assume the apparel industry

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Ralph Lauren Corp. sells men's apparel through company-owned retail stores. Recent financial information for Ralph Lauren follows (all numbers in thousands): Assume the apparel industry 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. Determine the rate earned on total assets for Ralph Lauren for fiscal Years 2 and 3. Round to one digit after the decimal place. Determine the rate earned on stockholders' equity for Ralph Lauren for fiscal Years 2 and 3. Round to one decimal place. Evaluate the two-year trend for the profitability ratios determined in (a) and (b). Evaluate Ralph Lauren's profit performance relative to the industry

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