Ratio analysis, unknown bed size. Exhibit 4.24 displays the financial ratios for St. Joe Hospital. Compare its liquidity; revenue, expense, and profitability; activity; and capital structure ratios to national industry benchmarks for all hospitals, using the data from Exhibit 4.16a.

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EXHIBIT 4.24 SELECTED FINANCIAL RATIOS FOR ST. JOE HOSPITAL Ratlo Liquidity ratios Current ratio Acid test ratio Days in accounts receivable Days cash on hand Average payment period (days) Revenue, expense, and profitability ratios 20X1 20X0 1.70 1.85 0.15 0.19 65 53 60 75 65 50 Operating revenue per adjusted discharge $6,800 $6,800 Operating expense per adjusted discharge $6,500 $6,700 Salary and benefit expense as a percentage of total operating 44% 47% expense Operating margin 0.04 0.03 Return on total assets 0.06 0.05 Activity ratios Total asset turnover ratio Fixed asset turnover ratio Age of plant 1.00 0.99 1.90 1.80 8.34 10.89 Capital structure ratios Long-term debt to equity 0.20 0.35 Equity to total assets 0.60 0.50 Debt service coverage ratio 3.80 3.40