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Ralph Lauren Corporation (RL) sells apparel through company-owned retail stores. Financial information for Ralph Lauren follows (in thousands): Assume the apparel industry average return on
Ralph Lauren Corporation (RL) sells apparel through company-owned retail stores. Financial information for Ralph Lauren follows (in thousands): 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 endec April 2, Year 3. a. Determine the return on total assets for Ralph Lauren for fiscal Years 2 and 3. Round your answers to one decimal place. Fiscal Year 3 % Fiscal Year 2 % b. Determine the return on stockholders' equity for Ralph Lauren for fiscal Years 2 and 3. Round your answers to one decimal place. Fiscal Year 3 % Fiscal Year 2 %
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