Using the following financial statements, answer the following questions:

a. Common size the balance sheet for Queens Orthopedic Clinic (QOC).

b. Prepare a ratio analysis showing the following types of ratios:

i. Liquidity ii. Efficiency iii. Solvency iv. Profitability

Transcribed Image Text:

Patient Revenue, Net Less Expenses Total Operating Expenses Wages Expense Bad Debt Expense Supplies Expense Depreciation Expense Interest Expense QUEENS ORTHOPEDIC CLINIC Operating Statement For the year ending December 31, 2023 (in $000s) Excess of Revenues over Expenses Total Increase in Net Assets 10,000 1,000 3,000 2,000 2,000 $30,000 $ 18,000 $ 12,000 $ 12,000