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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

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 (loss) $162,800 $(99,300)
Interest expense 18,200 12,400
Fiscal Year 3 Fiscal Year 2 Fiscal Year 1
Total assets (at end of fiscal year) $6,143,300 $5,652,000 $6,213,100
Total stockholders' equity (at end of fiscal year) 3,457,400 3,299,600 3,743,500

Assume that the apparel industry average return on total assets is 11.4% and the average return on stockholders' equity is 26.4% 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. If required, use a minus sign to indicate a negative return on total assets.

Fiscal Year 3
Fiscal Year 2

b. Determine the return on stockholders equity for Ralph Lauren for fiscal Years 2 and 3. Round percentages to one decimal place. If required, use a minus sign to indicate a negative return on stockholders' equity.

Fiscal Year 3
Fiscal Year 2

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