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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 $ 3,644,269 $ 3,086,622 Net income 481,745 379,735 Average shareholders' equity 2,264,522 2,031,689 Average total assets 3,948,543 3,613,347 Required: 1. Compute ROA for the current and prior years. (

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