CinrichHospital is a division of Superior Healthcare that is organized as an investment center. In the past year, the hospital reported an after-tax income of $3,640,000. Total interest expense was $1,716,000, and the hospital's tax rate was20percent. Hospital assets totaled $36,400,000, and noninterest-bearing current liabilities were $11,856,000. Superior has established a required rate of return equal to18percent of invested capital.

Calculate the residual income/EVA ofCinrichHospital.(Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).)

Residual income/EVA$

enter Residual income/EVA in dollars

Cinrich Hospital is a division of Superior Healthcare that is organized as an investment center. In the past year, the hospital reported an after-tax income of $3,640,000. Total interest expense was $1,716,000, and the hospital's tax rate was 20 percent. Hospital assets totaled $36,400,000, and noninterest-bearing current liabilities were $11,856,000. Superior has established a required rate of return equal to 18 percent of invested capital. Calculate the residual income/EVA of Cinrich Hospital. (Enter negative answers preceding either - sign, e.g. -45 or in parentheses, e.g. (45).) Residual income/EVA $