From the ratios calculated in table above, analyze the ‘profitability’, and “efficiency” of the company for the relevant years. Consider industry averages when formulating your analysis

Coles		Industry Average (given)
	2020	2021	2022	2020	2021	2022
Return on asset (%)	5,42%	5,58%	5,57%	5.9%	7.3%	7.1%
Return on equity (%)	38,05%	35,97%	32,79%	15.7%	23.1%	24.3%
Net profit margin (%)	2,63%	2,59%	2,64%	3.9%	4.8%	4.5%
Gross profit margin (%)	25,76%	26,09%	26,5%	37.7%	38.4%	37.3%
Interest coverage ratio	3,97	4,38	4,72	5.85	7.66	7.39
Quick ratio	0,28	0,22	0,2	0.432	0.461	0.406
Current ratio	0,66	0,57	0,58	0.89	1.00	1.03
Inventory turnover	13,58	13,46	12,82	4.20	4.47	3.95
Debtor turnover	95,2	97,1	94,85	42.6	44.6	55.7
Asset turnover	2.06	2.15	2.11	1.02	1.08	1.13
Debt to asset ratio	0,85	0,85	0,83	0.745	0.737	0.771
Debt to equity ratio	6,01	5,47	4,9	3.87	3.57	3.72
Long term debt to total assets	0,62	0,58	0,55	0.425	0.405	0.418