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  1. business
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  3. using the data below and the format found in exhib

Using the data below and the format found in Exhibit 3.1, create an Income Statement...

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Finance

Using the data below and the format found in Exhibit 3.1, create an Income Statement for High Plains Medical Center

Contributions 18,250
Depreciation 505,000
Insurance expense 375,000
Interest expense 295,000
Investment income 275,000
Repairs and maintenance 180,000
Other operating revenue 220,000
Patient Services Revenue 11,300,000
Provision for Bad Debts 565,000
Rent expense 360,000
Salaries and benefits 6,750,000
Supplies 975,000
Utilities 160,000

b. What is the net patient revenue?
c. How much did the hospital earn in other operating revenue?
d. What are the total expenses for the year?
e. What is the hospital's earnings or losses from its operations?
f. How much did the hospital earn in non-operating income?
g. What is the hospital's bottom line for the year?
h. What % of net patient revenue is spent on salaries & benefits?
i. What % of patient services revenue was written off to bad debt?

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