Brandywine Homecare is a not for profit business. They had revenue of $12 million in 2007. Expenses other than depreciation totaled 75 percent of revenue, and depreciation expense was $1.5million. All revenue were collected in cash during the year and all expenses other than depreciation were paid in cash.
1. Construct Brandywine 2007 income statement
2. What were Brandywine 2007 net income, total profit marginand cash flow?