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The table below shows a summarized statement for Tenet Inc., the healthcare system with hospitals in Dallas, El Paso and other major cities in Texas.

The table below shows a summarized statement for Tenet Inc., the healthcare system with hospitals in Dallas, El Paso and other major cities in Texas. Using the data from the table

1) calculate Operating Income for each year.

2) calculate Operating Margin for each year.

3) explain the trend in terms of operating income and operating margin.


12/31/2021 12/31/2020 12/31/2019 12/31/2018
Total Revenue 19,485,000 17,640,000 18,479,000 18,313,000
Cost of Revenue 3,328,000 2,982,000 3,057,000 3,004,000
Gross Profit 16,157,000 14,658,000 15,422,000 15,309,000
Operating Expense 13,748,000 12,518,000 13,743,000 13,692,000

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