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A new cardiac catheterization lab was constructed at Have a Heart Hospital. The investment for the lab was $950,000 in equipment costs and $50,000 in renovation costs. A desired return on investment is 12%. Once the lab was constructed, 7,000 patients were served in the first year and were charged $640 for each procedure. The annual fixed cost for the catheterization lab is $2,000,000 and the variable cost is $329 per procedure. What is the catheterization labs profit? Did this profit meet its desired ROI?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M91584130

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