=+E9-18 Profitability ratios Obj 3 y

a. Year 2 rate earned on total assets, 6.0%

End ofyear..._Year 2_Year 1_Year 0 Total assets $1,492,906 $1,327,338 $1,256,397 Total stockholders’equity 1,034,482 926,744 818,856 Assume the apparel industry average rate earned on total assets is 8.2%, and the average rate earned on stockholders’ equity is 16.7% for Year 1.