Great Forks Hospital reported net income for 2016 of $2.4 million on total revenues of...
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Great Forks Hospital reported net income for 2016 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million. a) What were total expenses for 2016? b) What were total cash expenses for 2016? (Hint: Assume that all expenses, except depreciation, were cash expenses.) c) What was the hospital's 2016 estimated cash flow?.
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