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.

 Using the data below, create an Income Statement for High Plains

PTER 3: INCOME STATEMENT and STATEMENT OF CHANGES IN EQUITY Homework Problem 1.1 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. \begin{tabular}{|l|l|} \hline Depreciation expense \\ \hline General/administrative expenses \\ \hline Interest expense \\ \hline Investment income \\ \hline Net patient services revenue \\ \hline Other revenue \\ \hline Purchased services \\ \hline Salaries and benefits \\ \hline \\ \hline INCOME STATEMENT (in thousands) \\ \hline \end{tabular} 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? What was the approximate cash flow for the year

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