Tiffany & Co. is one of the worlds premier jewelers and a designer of other fine gifts and housewares. Presented here are selected income statement and balance sheet amounts (dollars in thousands).

	Current Year		Prior Year
Net sales	$	3,643,492	$	3,085,845
Net income		489,745		388,958
Average shareholders' equity		2,263,745		2,030,912
Average total assets		3,947,836		3,612,570

1. Compute ROA for the current and prior years.

2. Compute the profit margin for both years and Asset Turnover for both years.