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ROI for investment Center. A new Cardiac Catheterization lab was constructed at Have a Heart Hospital. The investment in this lab was 950,000 in equipment
ROI for investment Center. A new Cardiac Catheterization lab was constructed at Have a Heart Hospital. The investment in this lab was 950,000 in equipment cost and 50,000 in renovating cost. A desired return on investment is 12 percent. Once the lab was operating, 7,000 patients were served in the first year and were charged 640 for each procedure. The annual fixed cost for the catheterization lab is 2 million and the variable cost is 329 per procedure. What was the catheterization lab's profit? Did it meet its desired ROI
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