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Tiffany & Co. is one of the worlds premier jewelers and a designer of other fine gifts and housewares. Presented here are selected income statement

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 $ 3,642,937 $ 3,085,290
Net income 439,190 368,403
Average shareholders' equity 2,263,190 2,030,357
Average total assets 3,947,331 3,612,015

Required:

1. Compute ROA for the current and prior years. (Round your answers to 3 decimal places.)

2. Compute the profit margin for both years and Asset Turnover for both years. (Round your answers to 4 decimal places.)

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