Question: Using the data below, create an Income Statement for High Plains Medical Center for the 2020 fiscal year. Use Exhibit 3.1 as a guide, but,
Using the data below, 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.
Contributions 224
Depreciation 6,679
Insurance 7,422
Interest expense 8,395
Investment income 2,644
Purchased services 6,827
Other operating revenue 3,695
Net patient services revenue 171,742
Premium revenue 14,779
Other operating expenses 11,275
Salaries and benefits 118,468
Supplies 23,682
a. INCOME STATEMENT (in thousands) Based upon your Income Statement, answer the following questions: Don't forget to show your work using Excel functions/formulas
b. How much did the hospital earn in other operating revenue?
c. What was the hospital's net gain from its operations?
d. How much did the hospital earn in non-operating income?
e. What is the hospital's bottom line for the year?
f. What % of net patient revenue is spent on salaries & benefits?
g. What % of net operating revenue is from capitated revenue?
h. What % of the hospital's bottom line was derived from its operations?
i. What was the approximate cash flow for the year?
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