a. How does this income statement differ from the one presented in Exhibit 3.1?

b. Did BestCare spend $367,000 on new fixed assets during fiscal year 2011? If not, what is the economic rationale behind its reported depreciation expense?

c. Explain the provision for bad debts entry.

d. What is BestCares total profit margin? How can it be interpreted?

Exhibit 3.1:

a. How does this income statement differ from the one presented in Exhibit 3.1? b. Did BestCare spend $367,000 on new fixed assets during fiscal year 2011? If not, what is the economic rationale behind its reported depreciation expense? c. Explain the provision for bad debts entry. d. What is BestCare s total profit margin? How can it be interpreted? Exhibit 3.1: 3.1 Entries for the Warren Clinic 2011 income statement are listed below in alphabetical order. Reorder the data in proper format