Question: Using the data below create an Income Statement for XYZ Hospital 2020 Fiscal Year Dato for XYZ Hospital: Depreciation Insurance expense Interest expense Investment income

 Using the data below create an Income Statement for XYZ Hospital

Using the data below create an Income Statement for XYZ Hospital 2020 Fiscal Year Dato for XYZ Hospital: Depreciation Insurance expense Interest expense Investment income Repairs and maintenance Net patient service revenue Rent expense Salaries and benefits Supplies Utilities 448,350 373,030 280,450 270,900 222,740 10,725,260 299,250 3,735,610 1,025,625 227,500 ** use the space below to create the Income Statement: 10,725,260 10,725,260 Operating revenues: Net Patient service revenue Net Operating revenue Expenses: Salaries and benefits Supplies Insurance Rent Expense Depreciation Interest expense Total expenses Operating income: Nonoperating income: Investment income Total nonoperating income Net Income 3735610 1,025,625 373,030 299,250 448,350 280,450 6,162,315 4,562,945 270,900 270,900 Based upon your Income Statement, answer the following in the space provided: b. $ 10,725,260 $ 6,162,215 What is the net patient service revenue? What are the total expenses for the year? What is the hospital's bottom line for the year? $ What % of net patient revenue is spent on salaries & benefitsi 4,562,945 e. 34.8%

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