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Ralph Lauren Corporation (RL) sells apparel through company-owned retail stores. Financial information for Ralph Lauren follows (in thousands): Fiscal Year 3 Fiscal Year 2 Net

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Ralph Lauren Corporation (RL) sells apparel through company-owned retail stores. Financial information for Ralph Lauren follows (in thousands): Fiscal Year 3 Fiscal Year 2 Net income $396,400 21,000 $702,200 16,700 Interest expense Fiscal Year 3 Fiscal Year 2 Fiscal Year 1 Total assets (at end of fiscal year) Total stockholders' equity (at end of fiscal year) $6,213,100 3,743,500 $6,106,000 3,891,000 $6,088,000 4,034,000 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 ended April 2, Year 3. a. Determine the return on total assets for Ralph Lauren for fiscal Years 2 and 3. Round 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 to one decimal place. Fiscal Year 3 Fiscal Year 2

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