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11.4 Great Forks Hospital reported net income for 2012 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million. a). What
11.4 Great Forks Hospital reported net income for 2012 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million.
a). What were total expenses for 2012?
b).What were total cash expenses for 2012? (Hint: Assume that all expenses, except depreciation, were cash expenses.)
c). What was the hospitals 2012 cash flow?
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