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Conduct a DuPont analysis to explain the difference between Walmart's ROE and the ROE of the Hudson's Bay Company. Which of the following is the

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Conduct a DuPont analysis to explain the difference between Walmart's ROE and the ROE of the Hudson's Bay Company. Which of the following is the best explanation for the difference? (Ignore factors that make minor contributions, ieless than 10%) Hudson's Bay Company Walmart Revenues 5,223 476,294 COGS 3.217 358,069 SG&A 2,001 91,353 EBIT 5 26,872 Interest 251 2,335 Pre-tax income 256 24,537 -79 8.515 Income taxes Net income 177 16.022 102 9,650 Cash and marketable securities Accounts receivable Inventories 160 6.677 2,048 44,858 Current assets 2,310 61.185 Food assets 4,351 117907 Goodwill, pensions, 8 other 1281 25 659 102 9,650 160 6,677 2,048 44,858 Cash and marketable securities Accounts receivable Inventories Current assets Fbced assets Goodwill, pensions, & other Total assets 2,310 61,185 4,351 117,907 1,281 25,659 7,942 204.751 1.422 12,171 585 57 174 2,007 69,345 3,892 59,151 Short-term borrowings Accounts payable Current liabilities Long-term debt Common stock Retained earnings Shareholders' equity Liabilities and owners equity 1,552 323 491 75,932 2,043 76,255 7.942 204.751 net profit margin (margins) net profit margin, total asset turnover, and leverage Inventories 2,048 44,858 Current assets 2,310 61.185 Fixed assets 4,351 117,907 Goodwill, pensions, & other 1,281 25,659 Total assets 7,942 204,751 Short-term borrowings 1,422 12,171 Accounts payable 585 57,174 Current liabilities 2,007 69 345 Long-term debt 3,892 59,151 Common stock 1,552 323 Retained earnings 491 75,932 Shareholders' equity 2,043 76,255 Liabilities and owners' equity 7,942 204,751 O net profit margin (margins) O net profit margin, total asset turnover, and leverage Onet profit margin and total asset turnover O total asset turnover (asset efficiency) equity multiplier (leverage)

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