Great Forks Hospital reported net income for 2007 of $2.4 million on total revenues of $30 million.

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Great Forks Hospital reported net income for 2007 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million.

a. What were total expenses for 2007?

b. What were total cash expenses for 2007? (Hint: Assume that all expenses, except depreciation, were cash expenses.)

c. What was the hospital’s 2007 cash flow?

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Healthcare Finance An Introduction To Accounting And Financial Management

ISBN: 9781567932805

4th Edition

Authors: Louis C. Gapenski

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Question Posted: Jun 05, 2024 02:00 AM

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Great Forks Hospital reported net income for 2007 of $2.4 million on total revenues of $30 million.

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Healthcare Finance An Introduction To Accounting And Financial Management

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