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Calculate the residual income/eva of clinton hospital

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Reference no: EM132983631

Question - Clinton 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 $4,200,000. Total interest expense was $1,980,000, and the hospital's tax rate was 20 percent. Hospital assets totaled $42,000,000, and noninterest-bearing current liabilities were $13,680,000. Superior has established a required rate of return equal to 18 percent of invested capital. Calculate the residual income/EVA of Clinton Hospital.

Reference no: EM132983631

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