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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 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
To calculate the Operating Income and Operating Margin for each year well use the following formulas ...Get Instant Access to Expert-Tailored Solutions
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Step: 2
Step: 3
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