finance Assignment 7 with answers - Assignment 7 Noel Ruiz MPA Name Class HSA 304 Date Chapter 11 Assignment#7 Page 352 Problem 11.5 Brandywine Clinic a

finance Assignment 7 with answers - Assignment 7 Noel Ruiz...

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Assignment # 7 Noel Ruiz, MPA Name: Class: HSA 304 Date: Chapter 11 Assignment#7 Page 352 Problem 11.5Brandywine Clinic, a not-for-profit business, had revenues of $12 million in 2012. Expenses other depreciation totaled 75 percent of revenues, and depreciation expenses was $1.5 million. All revenues were collected in cash during the year, and all expenses other than depreciation were paid in cash. A. Construct Brandywines’ 2012 income statement. b. What were Brandywine’s net income, total profit margin, and cash flow? c. Now suppose the company changed its depreciation calculation procedures
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