Table 10.6 ABC farm supply store condensed income statement [in dollarsl Net Sales 5.215.000 Cost of goods sold 3285,450 Gross margin 1.929.550 Operating expenses 1.202.423 Administrative expenses 320.646 Other expenses 80.161 Total operating expenses 1.603.230 Net operating income 326,320 Interest expense 152.400 Net income before taxes 123,920 Income tax 42.480 Net income after taxes 131.440 Questions 1. Follow the stepbystep formula shown in Figure 10.1 and develop a profitability analysis model for ABC Farm Supply Store. what is the firm's ROE? 2.When the profitability analysis model has been completed .calculate and interpret at least one profi tability .liouidity ,soluency ,and effi ciency ratio . using the information in Tables 10.5 and 10.6. 3. What are some strengths and weaknesses of the ABC Farm Supply Store identifi ed by your ratio analysis ? what other information would be helpful to you in answering this