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Sipacore Hospital is a division of Superior Healthcare that is organized as an investment center. In the past year, the hospital reported an after tax
Sipacore 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 $3,220,000, Total interest expense was 51,518,000, and the hospital's tax rate was 20 percent Hospital assets totaled $32.200.000, and noninterest bearing current liabilities were 510,488,000, Superior has established a required rate of return equal to 18 percent of invested capital, Calculate the residual income/EVA of Sipatore Hospital. (Enter negative answers preceding eithersion as 45 or in parentheses, es (451) Residual income EVA $
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