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DMB Homecare, a not-for-profit business, had gross revenues of $15 million in 2008. Contractual allowances and discounts were $2.5 million.

DMB Homecare, a not-for-profit business, had gross revenues of $15 million in 2008. Contractual allowances and discounts were $2.5 million. Expenses other than depreciation totaled 75% of net revenue, and depreciation was $2 million. Assume bad debt is 2% of net revenues. Construct DMB Homecare's 2008 income statement.

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DMB Homecare, a not-for-profit business, had gross revenues of $15 million in 2008. Contractual allowances
and discounts were $2.5 million. Expenses other than depreciation totaled 75% of net...

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