1.

a) What is Faith Hospitals age of plant?

b) What is Faith Hospitals fixed asset turnover ratio?

c) What is Faith Hospitals days cash on hand?

Faith Hospital Statement of Operations For the Year Ended December 31, 2010 Faith Hospital Balance Sheet As of December 3,2010 (2009 omitted) Assets Current Assets Cash and cash equivalents Net patient xxcivablcs Revenues, Gains, Other Support Net patient service revenuc Other revenue 1,500.000 200.000 50,000 350,000 400,000 Total Revenuc 1,700,000 Expenses Nursing Services Administrative Services Depreciation Other Expenses 1.200,000 200,0000 100,000 50,000 1.550.000 Properties and Equipment Gross properties and equipment Less accumulated depreciation 900,000 475.000 $ Net Properties and Equipment Total Expenses Total Assets Operating Income Investment Income Excess of revenues over expenses Increase in Unrestricted Net Assets $ 150,000 50.000 200,000 Liabilities and Net Assets Current Liabilities Accounts Payable Salaries Payable 200,000 50,000 250,000 Total Current Liabilities Notes Payable 200,000 375,000 825000 Unrestricted Net Assets Total Liabilities and Net Assets $