Question #3

What is Warren Clinics net operating income?

Hint:

In order to determine this you will have first

have had to successfully calculated 'Net Operating Revenue' and 'Total Expenses'

Depreciation Expense

$90,000

General/Administration Expenses

$70,000

Interest Expense

$20,000

Investment Income

$40,000

Net Operating Revenues

$410,000

Other Revenue

$10,000

Patient Service Revenue

$440,000

Provision for Bad Debts

$40,000

Purchased Clinic Services

$90,000

Salaries and Benefits

$150,000

Total Expenses

$420,000