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b. Why does Green Valley show a provision for income taxes while the other two income statements did not? c.What is Green Valley’s total profit margin? How does this value com-pare with the values for Sunnyvale Clinic and BestCare?d.The before-tax profit margin for Green Valley is operating in-come divided by total revenues. Calculate Green Valley’s before-tax profit margin. Why may this be a better measure of expense control when comparing an investor-owned business with a not-for-profit business?
3ASSIGNMENT 23.5Brandywine Homecare, a not-for-profit business, had revenues of $12 million in 2011. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense 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 Brandywine’s 2011 income statement.