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Calculate the residual income-eva of richetti hospital

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Reference no: EM132983765

Question - Richetti 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 $4,340,000. Total interest expense was $2,046,000, and the hospital's tax rate was 20 percent. Hospital assets totaled $43,400,000, and noninterest-bearing current liabilities were $14,136,000. Superior has established a required rate of return equal to 18 percent of invested capital. Calculate the residual income/EVA of Richetti Hospital.

Reference no: EM132983765

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