Great Forks Hospital reported net income for 2015 of ($2.4) million on total revenues of ($30) million.

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Great Forks Hospital reported net income for 2015 of $$2.4$ million on total revenues of $$30$ million. Depreciation expense totaled $$1$ million.

a. What were total expenses for 2015?

b. What were total cash expenses for 2015? (Hint: Assume that all expenses, except depreciation, were cash expenses.)

c. What was the hospital’s 2015 cash flow?

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Healthcare Finance: An Introduction To Accounting And Financial Management

ISBN: 9781567937411

6th Edition

Authors: Louis Gapenski

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Question Posted: Mar 28, 2024 10:00 AM

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Great Forks Hospital reported net income for 2015 of ($2.4) million on total revenues of ($30) million.

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a To calculate the total expenses for 2015 we can use the formula Total Expenses Net I...View the full answer

Healthcare Finance: An Introduction To Accounting And Financial Management

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