Reference no: EM132604545
Question 1: Great Soppo Medical Center (GSMC), a not-for-profit business, had revenues of $15 million in 2019. Expenses other than depreciation totaled 75 percent of revenues, and depreciation expense was $2 million. All revenues were collected in cash during the year, and all expenses other than depreciation were paid in cash. Round your answers to two (2) decimal points when necessary. What were GSMC's:
Total expense, Net income, Total profit margin, Cash flow. then second Now, suppose the company changed its depreciation calculation procedures (still within GAAP) such that its depreciation expense doubled.
Question 2: How would this change affect GSMC's:
Total expense, Net income, Total profit margin, Cash flow. and third Suppose the change had halved, rather than doubled, the firm's depreciation expense.
Question 3: Now, what would be the impact on:
Total expense, Net income, Total profit margin, Cash flow
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