Problem:
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.
Required:
Question: What were Brandywine's net income, total profit margin, and cash flow?
- $1.0 million, 12% and $3.0 million
- $1.5 million, 12.5% and $3.0 million
- $9 million, 25% and $1.5 million
- none of the above
Note: Please provide full description.