Great Forks Hospital reported net income for 2016 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million. What were total expenses for 2016? What were total cash expenses for 2016? (Hint: Assume that all expenses,except depreciation, were cash expenses.) What was the hospital’s 2016 estimated cash flow?
Great Forks Hospital reported net income for 2016 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million. What were total expenses for 2016? What were total cash expenses for 2016? (Hint: Assume that all expenses,except depreciation, were cash expenses.) What was the hospital’s 2016 estimated cash flow?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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11.4 Great Forks Hospital reported net income for 2016 of $2.4 million on total revenues of $30 million.
- What were total expenses for 2016?
- What were total cash expenses for 2016? (Hint: Assume that all expenses,except depreciation, were cash expenses.)
- What was the hospital’s 2016 estimated cash flow?
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