Moody company is a private company which a management accountant is analyzing its performance. So it is trying to look at different components that are distributing to its financial performance. The tests he wants to carry out are return on investment and residual income which measure the financial performance. Information for analysis is provided in the table below: Current liabilities Notes payable Bond payable Equity Rent Revenue Tax rate Cost of revenue = COGS Operating cost 30 % of Total Assets = equipment Accumulated Depreciation - Equipment Sales Interest on debt Risk free rate Market index @Jan 2018 Market index @Dec 31, 2018 Beta $ 14500 55600 24300 250000 15000 30% 29500 9200 ? 6700 56200 8% 3% 17680 18960 1.5 REQUIRED 1. Calculate equipment and calculate the net book value of equipment. 2. Calculate total assets. 3. Calculate interest expense, tax and EBIT. 4. Calculate operating assets. 5. Calculate ROI. 6. Calculate return on equity (le) 7. Calculate Residual Income. 8. What are the major advantages of using Residual incomeo evaluate performance