11.3 Consider this income statement: a. How does this income statement differ from the ones presented in exhibits 11.1 and 11.2 and problem 11.2? b. Why does Green Valley show an income tax expense? c. What is Green Valley's total profit margin? How does this value compare with the values for Park Ridge Homecare and BestCare Health Insurer? d. The before-tax profit margin for Green Valley is operating income divided by total revenues. Calculate Green Valley's before-tax profit margin. Why might this be a better measure of expense control when comparing an investor-owned business with a not-for-profit business? 11.4 Great Forks Hospital reported net income for 2016 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million. a. What were total expenses for 2016? b. What were total cash expenses for 2016? (Hint: Assume that all expenses, except depreciation, were cash expenses.) c. What was the hospital's 2016 estimated cash flow? exhibit in alphabetical order. Reorder the data to reflect in 11.2 Consider the following income statement: a. Compare and contrast this income statemein its 11.1 and 11.2 . b. What is BestCare's total margin? How can it be interpreted? 11.3 Consider this income statement: a. How does this income statement differ from the ones presented in exhibits 11.1 and 11.2 and problem 11.2? b. Why does Green Valley show an income tax expense? c. What is Green Valley's total profit margin? How does this value compare with the values for Park Ridge Homecare and BestCare Health Insurer? d. The before-tax profit margin for Green Valley is operating income divided by total revenues. Calculate Green Valley's before-tax profit margin. Why might this be a better measure of expense control when comparing an investor-owned business with a not-for-profit business? 11.4 Great Forks Hospital reported net income for 2016 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million. a. What were total expenses for 2016? b. What were total cash expenses for 2016? (Hint: Assume that all expenses, except depreciation, were cash expenses.) c. What was the hospital's 2016 estimated cash flow? exhibit in alphabetical order. Reorder the data to reflect in 11.2 Consider the following income statement: a. Compare and contrast this income statemein its 11.1 and 11.2 . b. What is BestCare's total margin? How can it be interpreted