Roberts Clinic reported the following on its comparative income statement ( In Millions) 2022 2021 Patient Service
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Question:
Roberts Clinic reported the following on its comparative income statement
( In Millions) | 2022 | 2021 |
Patient Service Revenue (net) | $ 9,650 | $ 9,280 |
Rent Expense | 900 | 820 |
Labor Expense | 5,150 | 5,050 |
Supply Expense | 1,220 | 1,400 |
Advertising Expense | 670 | 700 |
Insurance Expense | 1,000 | 900 |
Interest Expense | 270 | 300 |
Operating Income | $ 440 | $ 110 |
Required:
Prepare a horizontal analysis for Roberts Clinic both in dollar amount and percentage changes for 2022.
Related Book For
Financial and Managerial Accounting
ISBN: 978-0132497978
3rd Edition
Authors: Horngren, Harrison, Oliver
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