Question
3.2. Consider the following income statement: BestCare HMO Statement of Operations Year Ended June 30, 2020 (in thousands) Revenue: Healthcare premiums $26,682 Fees and other
3.2. Consider the following income statement: BestCare HMO Statement of Operations Year Ended June 30, 2020 (in thousands) Revenue: Healthcare premiums $26,682 Fees and other revenue 1,689 Net investment income 242 Total revenues $28,613_ Benefits and expenses: Healthcare costs Operating expenses: $15,154 General and administrative expenses 7,874 Selling expenses 3,963 Interest expense 385 Total benefits and expenses $$27,376 Net income $1,237
a. How does this income statement differ from the one presented in exhibit 3.1? b. What is BestCare's total profit margin? How can it be interpreted?
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