Loma Linda Hospital reported net income for 2012 of $2.4 million on total revenues of $30 million. Depreciation expense totaled $1 million.
a) What are the total expenses for 2012?
b) What were total cash expenses for 2012? (Hint: Assume that all expenses, except depreciation, were cash expenses)
c) What was the hospital's 2012 cash flow?