Determine the return on total assets for Ralph Lauren

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Problem - Ralph Lauren Corporation sells apparel through company-owned retail stores. Recent financial information for Ralph Lauren follows (in thousands): Assume that the apparel industry average return on total assets is 8.0% and the average return on stockholders' equity is 10.0% for the year ended April 2, Year 3.

Required -

Determine the return on total assets for Ralph Lauren for fiscal Years 2 and 3. Round percentages to one decimal place.

Determine the return on stockholders' equity for Ralph Lauren for fiscal Years 2 and 3. Round percentages to one decimal place.

Evaluate the two-year trend for the profitability ratios determined in (a) and (b).

Evaluate Ralph Lauren's profit performance relative to the industry.

Reference no: EM132691653

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