Nursing	Ancillary	Total
Revenue	$29,100,000	$55,900,000	$85,000,000
Total direct expenses	$21,100,000	$38,600,000	$59,700,000
Allocated administrative cost			$21,500,000
Net income			$3,800,000
Profit margin			4.50%
Please show formula calculation.

	Nursing	Ancillary	Total
Revenue	$29,100,000	$55,900,000	$85,000,000
Total direct expenses	$21,100,000	$38,600,000	$59,700,000
Allocated administrative cost			$21,500,000
Net income			$3,800,000
Profit margin			4.50%
Please show formula calculation.

1. Henry Hospital is reviewing the profitability of its nursing and ancillary services. The following table provides the revenue, direct expenses, and general and administrative costs. Allocate the general and administrative costs to the nursing and ancillary services based on revenue to calculate the net income and profit margin generated by each. 2. Henry Hospital is reviewing the profitability of its nursing and ancillary services. The table in problem 7-1 provides the revenue, direct expenses, and general and administrative costs, allocate the general and administrative costs to the nursing and ancillary services based on direct expenses to calculate the net income and profit margin generated by each