Reference no: EM132631076

A hospital had an equity balance of $1.38 million at the beginning of the year At the end of the year, its equity balance was $1.98 million.

Problem a. Assume they are not for profit. What is the net income for the period?

Problem b. Now assume they are an investor owned business.

1. Assuming zero dividends, what is the net income
2. Assuming 200,000 in dividends, what is the net income
3. Assuming 200,000 in dividends, and 300,000 in additional stock sales, what is the net income