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Calculate the residual income-EVA of Page Hospital

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Question - Page 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 $4,060,000. Total interest expense was $1,914,000, and the hospital's tax rate was 20 percent. Hospital assets totaled $40,600,000, and noninterest-bearing current liabilities were $13,224,000. Superior has established a required rate of return equal to 18 percent of invested capital. Calculate the residual income/EVA of Page Hospital.

Reference no: EM133058171

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