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Sango Clinic, a not-for-profit business, had revenues of $15 million in 2019 with a tax rate for similar businesses of 35%. Expenses other than depreciation totaled 80 percent of revenues, and depreciation expense was $3 million. All revenues were collected in cash during the year. (Report $1.5 million as $1,500,000). Round the answer for the Total Profit Margin to one decimal Point. 1. What were Sango's: • Total expense • Net income • Total profit margin • Cash flow

Sango Clinic, a not-for-profit business, had revenues of $15 million in 2019 with a tax rate for similar businesses of 35%. Expenses other than depreciation totaled 80 percent of revenues, and depreciation expense was $3 million. All revenues were collected in cash during the year. (Report $1.5 million as $1,500,000). Round the answer for the Total Profit Margin to one decimal Point. 1. What were Sango's: • Total expense • Net income • Total profit margin • Cash flow

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Sango Clinic, a not-for-profit business, had revenues of $15 million in 2019 with a tax rate for similar businesses of 35%. Expenses other than depreciation totaled 80 percent of revenues, and depreciation expense was $3 million. All revenues were collected in cash during the year. (Report $1.5 million as $1,500,000). Round the answer for the Total Profit Margin to one decimal Point. 1. What were Sango's: • Total expense • Net income • Total profit margin • Cash flow
Transcribed Image Text:Sango Clinic, a not-for-profit business, had revenues of $15 million in 2019 with a tax rate for similar businesses of 35%. Expenses other than depreciation totaled 80 percent of revenues, and depreciation expense was $3 million. All revenues were collected in cash during the year. (Report $1.5 million as $1,500,000). Round the answer for the Total Profit Margin to one decimal Point. 1. What were Sango's: • Total expense • Net income • Total profit margin • Cash flow
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