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11.4 Please no excel spreadsheets, please write the numbers out. Thanks! Great Forks Hospital reported net income for 2016 of $2.4 million on total revenues
11.4 Please no excel spreadsheets, please write the numbers out. Thanks!
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?
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