Brandywine Homecare, a not-for-profit business, had revenues of $25 million in 2012. Expenses other than depreciation totaled 78 percent of revenues, and depreciation expense was $2.0 million. All revenues were collected in cash during the year and all expenses other than depreciation were paid in cash.

Part 1: What were Brandywine's Net Income and estimated Cash Flow?

Part 2: Calculate the Total Profit Margin

Part 3: The Balance Sheet contains information about what three things? What is the "basic accounting equation"?