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Q 3 : In 2 0 1 9 , Woolworths Group had a return on equity of 2 5 . 6 % , whereas its

Q3: In 2019, Woolworths Group had a return on equity of 25.6%, whereas its supermarket industry competitor Coles Group Ltd earned 43.4%. use the decomposed ROE framework to provide possible reasons for this difference based on the following Figure.
\table[[,Woolworths,Coles],[,2019,2018,2019,2018],[Return on sales,4.6%,3.1%,3.7%,4.0],[,,,,],[Asset turnover,2.56,2.45,3.45,3.12**
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