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Great Neck Hospital reported net income for 2004 of $2.4 million on total revenues of $30 million.Depreciation expense totaled $1 million. (a) What were total
Great Neck Hospital reported net income for 2004 of $2.4 million on total revenues of $30 million.Depreciation expense totaled $1 million.
(a) What were total expenses for 2004?
(b) What were total cash expenses for 2004? (Hint: Assume that all expenses, except depreciation, were cash expenses.)
(c) What was the hospital's 2004 cash flow?
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