QUESTION TEN (8+2=10 marks ) FreshFood Ltd condensed balance sheets for financial years 2022 and 2021 is reproduced below: Additional Information: Net income after tax for 2022 is $280,000. This includes interest expense of $53,000. Income tax rate is 30%. Dividends were $250,000 in both 2022 and 2021 . Required: (a) Compute ROE for 2022 and disaggregate it into ROIC, Spread and Leverage. Show all calculations using average balance sheet items where appropriate. (8 marks) QUESTION TEN (8+2=10 marks ) FreshFood Ltd condensed balance sheets for financial years 2022 and 2021 is reproduced below: Additional Information: Net income after tax for 2022 is $280,000. This includes interest expense of $53,000. Income tax rate is 30%. Dividends were $250,000 in both 2022 and 2021 . Required: (a) Compute ROE for 2022 and disaggregate it into ROIC, Spread and Leverage. Show all calculations using average balance sheet items where appropriate. (8 marks)