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11.1 Entries for the Warren clinic 2016 income statements are listed in the following exhibit in alphabetical order. Reorder the data to reflect income statement

11.1 Entries for the Warren clinic 2016 income statements are listed in the following exhibit in alphabetical order. Reorder the data to reflect income statement format. (See textbook)

Warren Clinic

Income Statement

Revenues:

Patient Service Revenue

440000

Non-operating income

40000

Other operating income

10000

Total Revenue

4900000

Expenses:

Depreciation expense

90000

General/Administrative expenses

70000

Interest expense

20000

Provision for bad debts

40000

Purchased Clinic Services

90000

Salaries and Benefits

150000

Total Expenses

460000

Net Income

30000

11.2 Consider the following income statement for best care health insurance statement of operations year ending June 30th 2016 in thousands.

Revenue:

Healthcare premiums $26,682

Fees and other Revenues 1,689

Net investment income 242

Total Revenues $28,613

Benefits and expenses:

Healthcare costs $15,154

Operating expenses:

Selling expenses 3,963

General and Administration expenses 7,893

Interest Expense 385

Total benefits and expenses $27,395

Net Income $ 1,218

Compare and contrast this income statement with the ones presented in exhibits 11.1 and 11.2

What is BestCares total margin? How can it be interpreted?

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