3.3. Consider this income statement: Green Valley Nursing Home, Inc. Statement of Income Year Ended...
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3.3. Consider this income statement: Green Valley Nursing Home, Inc. Statement of Income Year Ended December 31, 2020 Revenue: Net resident services revenue $3,053,258 Other revenue 106,146 Total revenues $3,159,404 Expenses: Salaries and benefits Medical supplies and drugs Insurance and other Depreciation Interest Total expenses Operating income Income tax expense Net income $1,515,438 966,781 296,357 85,000 206,780 $3,070,356 $ 89,048 31,167 $ 57,881 a. How does this income statement differ from the ones pre in exhibit 3.1 and problem 3.2? b. Why does Green Valley show an income tax expense, whi other two income statements do not? c. What is Green Valley's total profit margin? How does thi compare with the values for Sunnyvale Clinic and Besta
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