Brandywine Homecare, a non-profit business, had revenues of $12 million in 2017. Expenses other than...
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Brandywine Homecare, a non-profit business, had revenues of $12 million in 2017. Expenses other than depreciation totaled 75% 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. Construct Brandywine's 2017 income statement and answer the following questions. Question 1 What was Brandywine's total profit (round to nearest dollar)?
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