WHAT IS GREEN VALLEYS TOTAL MARGIN? HOW DOES THIS VALUE COMPARE WITHE THE VALUES FOR SUNNYVALE CLINIC AND BEST CARE?
HEALTHCARE FINANCE 5TH EDITION BY LOUIS GAPENSKIConsider the following financial statements for Green Valley by Supreme Savings” id=”_GPLITA_0″ href=”http://www.Transtutors.com/homework-help/questions-and-answers/consider-following-financial-statements-green-valley-nursing-home–profit-long-term-care-f-q2587793″ name=”_GPLITA_0″>Nursing Home, Inc. a for profit long-term care facility:Green Valley Nursing Home Inc.Statement of Income and Retained EarningsYear Ended December 31, 2011Revenue:Net patient service revenue $3,163,258Other revenue 106,146Expenses:Salaries and benefits $1,515,438Medical supplies and drugs 966,781Insurance and other 296,357Provision forbad debts 110,000Depreciation 85,000Interest 206,780Total expenses $3,180,356Operating Income $89,048Provision for income tax 31,167Net Income $57,881a) HOW DOES THIS INCOME STATEMENT DIFFER FROM THE ONES PRESENTED IN EXHIBIT 3.1? AND 3.2?B) WHY DOES GREEN VALLEY SHOW A PROVISION FOR INCOME TAXES WHILE THE OTHER TWO INCOME STATEMENT DID NOT?C) WHAT IS GREEN VALLEYS TOTAL MARGIN? HOW DOES THSI VALUE COMPARE WITHE THE VALUES FOR SUNNYVALE CLINIC AND BESTCARE?
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