Question: 1. Write down difference between Horizontal and Vertical analysis? 2. From the following Information prepare Statement of Operations: Net patient revenues 720,000 Interest expense 18,000

1. Write down difference between Horizontal and Vertical analysis?

2. From the following Information prepare Statement of Operations:

Net patient revenues 720,000

Interest expense 18,000

Net assets released from restriction for operations 220,000

Depreciation expense 65,000

Labour expense 444,000

Provision for bad debt 7,000

Supply expense 144,000

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