Using the balance sheet and statement of operations in the chapter, calculate the three bond repayment ratios, and use it to determine the fi nancial condition of the health care organization.

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Table 2.2. Balance Sheet, Ridgeland Heights Medical Center, December 31, 2011, and 2012 (in thousands of dollars) December 2012 December 2011 ASSETS Current assets Cash 1,200 2,000 Investments-short term 6,500 5,400 Total cash and cash equivalents 7,700 7,400 Accounts receivable 22,000 22,800 Less: Allowance for doubtful accounts (5,800) (5,600) Net patient receivables 16,200 17,200 Inventory 500 400 Prepaid expenses 400 300 Other current assets 900 700 Total current assets 24,800 25,300 Long-term investments-unrestricted 95,500 87,000 Trusteed investments 22,000 30,000 Endowment fund investments 300 300 Deferred financing costs 3,300 3,400 Other noncurrent assets 121,100 120,700 .......................... ..................