a. Using the data below (given in thousands), create an Income Statement for High Plains Medical...

 

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a. Using the data below (given in thousands), create an Income Statement for High Plains Medical Center for the 2020 fiscal year. Use Exhibit 3.1 as a guide, but, note that the categories may vary somewhat from this example. Depreciation expense General/administrative expenses Interest expense Investment income Net patient services revenue Other revenue Purchased services Salaries and benefits INCOME STATEMENT (in thousands) 90,000 70,000 20,000 40,000 400,000 10,000 90,000 150,000 Based upon your Income Statement, answer the following questions: b. How much did the hospital earn or lose from its operations? C. What is the hospital's bottom line for the year? d. What % of net patient revenue is spent on salaries & benefits? e. What % of net operating revenue is derived from patient revenue? f. What was the approximate cash flow for the year? a. Using the data below (given in thousands), create an Income Statement for High Plains Medical Center for the 2020 fiscal year. Use Exhibit 3.1 as a guide, but, note that the categories may vary somewhat from this example. Depreciation expense General/administrative expenses Interest expense Investment income Net patient services revenue Other revenue Purchased services Salaries and benefits INCOME STATEMENT (in thousands) 90,000 70,000 20,000 40,000 400,000 10,000 90,000 150,000 Based upon your Income Statement, answer the following questions: b. How much did the hospital earn or lose from its operations? C. What is the hospital's bottom line for the year? d. What % of net patient revenue is spent on salaries & benefits? e. What % of net operating revenue is derived from patient revenue? f. What was the approximate cash flow for the year?

Answer rating: 100% (QA)

Income Statement for High Plains Medical Center for the 2020 fiscal year in thousands a Operating Revenues Net Patient Services Revenue 400000 Other R... View the full answer