Following is a condensed trial balance of the accounts of Leveille Hospital as of December 31, 2013
Question:
Following is a condensed trial balance of the accounts of Leveille Hospital as of December 31, 2013 (amounts in thousands).
![Following is a condensed trial balance of the accounts of](https://dsd5zvtm8ll6.cloudfront.net/si.question.images/image/images6/374-B-A-N-P-O(590).png)
Additional information (amounts in thousands):
1. The amount of long- term debt principal paid during the year ended December 31, 2013, was $ 1,800.
2. The current portion of the long- term debt payable on December 31, 2013, was $ 2,000. Use the preceding information to do the following:
a. In preparation for calculating ratios, compute the net patient accounts receivable, the net patient service revenue, the operating gain, the excess of revenues over expenses, and the unrestricted net assets at end of year.
b. Compute the current ratio and the number of days’ cash on hand.
c. Compute the number of days’ revenue in receivables.
d. Compute the operating margin and the total margin.
e. Compute the long- term debt to capitalization ratio, the debt service coverage, and the times interestearned.
Step by Step Answer:
Introduction to Governmental and Not for Profit Accounting
ISBN: 978-0132776011
7th edition
Authors: Martin Ives, Terry K. Patton, Suesan R. Patton