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Brandywine Homecare

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Brandywine Homecare

Renne Brown

Dr. Merle Point-Johnson

HSA525 Healthcare Financial Management

January 22, 2012

Brandywine 1

1. Construct Brandywine’s 2007 income statement

The income statement summarizes the operations (i.e.the activities) of

an organization with a focus on its revenues, expenses, and profitability

(Gapenski, pg. 74,2008).

The income statement of Brandywine Homecare is presented in Table1:

Brandywine Homecare Income Statement 2

Revenues: $12million

Expenses: $ 9 million

Depreciation $1.5million

Total Expenses $ 900,001.5 million

Net Income $3.5 million

Brandywine 2

2. What were Brandywine’s 2007 net income,

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