A healthcare organization posted a net income of $9,000,000 and incurred $75,000,000 in total expenses ($5,000,000 of which was depreciation). Answer the following questions based on these figures.
a. What was the total revenue?
b. What were the cash expenses (assume all expenses, except depreciation, were cash expenses)?
c. What was the estimated cash flow?

The same organization has a current ratio (current assets / current liabilities) of .800. Indicate if the following actions would improve, worsen, or leave the ratio unchanged and explain your reasoning.

a. Use cash to pay off current liabilities

b. Purchase additional inventory on credit

c. Collect some of the premiums receivable

d. Use cash to pay off some long-term debt

e. Issue $10,000,000 in common stock in preparation for a construction project

f. Use cash to pay accounts payable

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