Asked by Chris
Great Forks Hospital reported net income for 2007 of $2.4 million on
total revenues of $30 million. Depreciation expense totaled $1 million.
a. What were total expenses for 2007?
b. What were total cash expenses for 2007? (Hint: Assume that all
expenses, except depreciation, were cash expenses.)
c. What was the hospital’s 2007 cash flow?
total revenues of $30 million. Depreciation expense totaled $1 million.
a. What were total expenses for 2007?
b. What were total cash expenses for 2007? (Hint: Assume that all
expenses, except depreciation, were cash expenses.)
c. What was the hospital’s 2007 cash flow?
Answers
Answered by
Anonymous
a. 27.6
b. 26.6
c. 3.4
b. 26.6
c. 3.4
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