Brandywine homecare, a not-for-profit business, had revenues of $12 million in 2

Question

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.

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

A.) $1.0 million, 12% and $3.0 million

B.)$1.5 million, 12.5% and $3.0 million

C.) $9 million, 25% and $1.5 million

D.) none of the above

Explanation / Answer

A.) $1.0 million, 12% and $3.0 million

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