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Paver 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
Paver 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 $3.080.000. Total interest expense was $ 1,452.000, and the hospital's tax rate was 20 percent. Hospital assets totaled $ 30,800.000, and noninterest-bearing current liabilities were $ 10,032,000. Superior has established a required rate of return equal to 18 percent of invested capital. Calculate the residual income/EVA of Paver Hospital(Enter negative answers preceding either - sign, es 45 or in parentheses, es: (45) Residual income/EVA $
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