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Steering Hospital is a division of Superior Healthcare that is organized as an investment center. In the past year. the hospital reported an aftertax income

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Steering Hospital is a division of Superior Healthcare that is organized as an investment center. In the past year. the hospital reported an aftertax income of $ 3,920,000. Total interest expense was $ 1,843,000, and the hospital's tax rate was 20 percent Hospital assets totaled $ 39,200,000, and noninteresthearing current liabilities were 15 12,763,000. Superior has established a required rate of return equal to 18 percent of invested capital. Calculate the residual incomefEVA of Steering Hospital. [Enternesave W preceding either - SE11, 93. 45 or in pummeses. as, [45].) Residual incomeiEVA 35

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