May I have the answer for below

Financial data for Bakar Sdn. Bhd. for last year appear as below:Bakar Sdn. Bhd. Statement of Comprehensive Income for the year ended 31 December 2019

Sales

RM RM

414,000 Less operating expenses300,900 Operating profit113,100 Less interest and taxesInterest expense 20,000Taxation 22,344 42,344 Profit after tax70,756

Bakar Sdn. Bhd. Statement of Financial Position as at 31 December 2019

Assets:

2019 (RM)

2018 (RM) Cash 70,000 50,000 Accounts receivable 25,000 20,000 Inventory 35,000 30,000 Property, Plant and Equipment (net) 210,000 200,000 Buildings and Land170,000170,000

BBMA4303/JAN2020/SNA

8 / 10

Total assets 510,000 470,000 Liabilities and Owner's Equity:Accounts payable 90,000 70,000 Long-term loans (bank loans, 8% per annum) 250,000 250,000 Ordinary shares (at par) 50,000 50,000 Retained earnings120,000100,000 Total liabilities and owner's equity 510,000 470,000

The applicable corporate tax rate is 24% and the minimum required of return for the shareholders (i.e. cost of equity) is 10%.

Requirements

a) Compute the economic value added (EVA) for 2019.

b) The board of directors of Bakar Sdn. Bhd. has set a minimum required return of 10%. What was the company's residual income for 2019?

c) What can you conclude about the performance of Bakar Sdn. Bhd in 2019?