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Accounting

Problem:

Brandywine homecare, a not-for-profit business, had revenues of $12 million in 2004. Expenses other than depreciation totaled 75% of revenues, and depreciation expenses was $1.5 million. all revenues were collected in cash during the year and all expenses, other than depreciation, were paid in cash.

Required:

Question: What were Brandywine's net income, total profit margin, and cash flow?

$1.0 million, 12% and $3.0 million
$1.5 million, 12.5% and $3.0 million
$9 million, 25% and $1.5 million
none of the above

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M91171848

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