11.3 Consider this income statement: Green Valley Nursing Home Inc. Statement of Income, Year Ended December 31, 2016 Revenue Resident services revenue Provision for bad debts Other revenue $3,163,258 (110,000) 106,146 $3,159.404 Total revenues Expenses Salaries and benefits Medical supplies and drugs Insurance and other Depreciation Interest $1,515,438 966,781 296,357 85,000 206,780 $3,070,356 $ 89,048 31,167 $ 57,881 Total expenses Operating income Income tax expense Net income a. Why does Green Valley show an income tax expense? What is Green Valley's total profit margin? How does this value compare wi the values for Park Ridge Homecare and BestCare Health Insurer? The before-tax profit margin for Green Valley is operating income divided by total revenues. Calculate Green this be a better measure of expense control when comparing an business with a not-for-profit business? b. c. d. Valley's before-tax profit margin. Why might paring