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1) Perform the horizontl analysis for following TFHS balance sheet and incomestatment for 2021-2022 ? 2) Calculate following financial ratios? a) Total margin b) Operating

1) Perform the horizontl analysis for following TFHS balance sheet and incomestatment for 2021-2022 ?
2) Calculate following financial ratios?
a) Total margin
b) Operating margin
c) Return on assets
d) Retuen on equity
e) current ratio
f) Days cash on hand
g) Debt ratio
h) Debt-to-capitalization ratio
i) TIE ratio
Tahoe Forest Hospital District Combined Statements of Balance Sheet
2022 2021 (As restated)
Tahoe Forest Hospital District Truckee Tahoe Forest Hospital District Truckee
Surgery Center, Surgery Center,
ASSETS LLC LLC
Current assets
Cash and cash equivalents $25,418,950 $233,298 $91,298,018 $26,853
Patient accounts receivable, net of allowances for doubtful accounts of $9,901,616 and $103,209 in 2022 and $7,537,588 and $93,266 in 2021 41,866,438 424,536 35,773,985 358,190
Other receivables 14,271,296 - 13,020,382 -
Assets limited as to use - required for current liabilities 10,003,370 - 9,882,909 -
Estimated amounts due from third-party payors 3,042,312 - - -
Inventories 4,469,265 - 4,289,922 -
Prepaid expenses and deposits 2,661,331 164,396 2,228,183 68,063
Total current assets 101,732,962 822,230 156,493,399 453,106
Assets limited as to use, net of current 128,713,679 - 71,599,135 -
Right-to-use assets, net of accumulated amortization 9,151,929 - 6,480,830 -
Capital assets
Nondepreciable 28,115,599 - 14,541,767 -
Depreciable, net of accumulated depreciation 160,424,964 833,318 161,565,109 757,440
188,540,563 833,318 176,106,876 757,440
Other assets
Beneficial interest in trusts 1,753,645 - 1,952,812 -
Other noncurrent receivables 988,581 20,256 869,252 20,256
Total assets 430,881,359 1,675,804 413,502,304 1,230,802
DEFERRED OUTFLOWS OF RESOURCES
Deferred loss on defeasance, net 5,069,219 - 5,384,615 -
Accumulated decrease in fair value of hedging derivative 660,160 - 1,387,922 -
Total deferred outflows of resources 5,729,379 - 6,772,537 -
LIABILITIES
Current liabilities
Current maturities of long-term debt and capital lease obligations 5,974,499 - 5,618,136 -
Current maturities of lease liabilities 1,565,219 - 1,144,564 -
Accounts payable and accrued expenses 12,213,152 46,977 7,365,875 22,261
Accrued payroll and related expense 26,126,668 43,075 24,222,769 24,429
Medicare accelerated payments 5,563,499 - 19,052,194 -
Estimated claims incurred but not reported 7,253,703 - 7,288,804 -
Estimated amounts due to third-party payors - - 6,703,302 -
Other accrued expenses 59,388 3,416 9,358 4,908
Accrued interest 1,859,100 - 1,792,526 -
Total current liabilities 60,615,228 93,468 73,197,528 51,598
Long-term debt and capital lease obligations, net of current portion 118,299,002 - 124,461,117 -
Lease liabilities, net of current portion 7,874,186 - 5,476,519 -
Derivative instrument liability 660,160 - 1,387,922 -
Total liabilities 187,448,576 93,468 204,523,086 51,598
NET POSITION
Net investment in capital assets 74,154,611 - 55,718,273 -
Restricted - expendable 6,538,072 - 4,969,414 -
Restricted - nonexpendable 79,109 - 74,809 -
Unrestricted 168,390,370 1,582,336 154,989,259 1,179,204
Total net position $249,162,162 $1,582,336 $215,751,755 $1,179,204
Tahoe Forest Hospital District Combined Statements of Operations
2022 2021 (As restated)
Tahoe Forest Truckee Tahoe Forest Truckee
Hospital Surgery Center, Hospital Surgery Center,
Operating revenues District LLC District LLC
Net patient service revenue (net of provision for bad debts of $11,803,966 and $15,119 in 2022 and $21,054,750 and $11,167 in 2021) $263,836,447 $1,790,670 $237,686,222 $1,344,346
Other operating revenue 13,979,271 - 11,751,964 -
Total operating revenues 277,815,718 1,790,670 249,438,186 1,344,346
Operating expenses
Salaries and wages 99,484,586 794,550 88,958,242 523,506
Employee benefits 48,215,159 110,427 45,691,609 75,186
Professional fees 18,847,495 8,200 16,988,355 5,585
Supplies 36,924,954 483,199 31,196,037 573,161
Purchased services 25,668,579 68,802 23,600,665 17,442
Depreciation and amortization 15,363,541 47,835 14,798,038 40,043
Insurance 2,466,951 4,944 1,960,625 9,862
Other 7,768,620 431,077 6,845,753 363,686
Total operating expenses 254,739,885 1,949,034 230,039,324 1,608,471
Income (loss) from operations 23,075,833 -158,364 19,398,862 -264,125
Nonoperating revenues (expenses)
Property tax revenue 9,150,835 - 8,432,091 -
Property tax revenue - general obligation bonds 5,568,851 - 4,900,434 -
Contributions, net 4,128,543 - 1,954,867 -
Interest income 692,919 - 713,109 -
Rental income 669,658 - 645,750 -
Gain on disposal of assets 36,801 - - -
Interest expense -4,758,404 - -4,921,529 -
Unrealized loss on investments -3,514,449 - - -
Other nonoperating (loss) income -1,078,835 151 -3,225,187 -
Total nonoperating revenues 10,895,919 151 8,499,535 -
Income (loss) before other revenue, expenses, gains, and losses 33,971,752 -158,213 27,898,397 -264,125
Capital transfers -561,345 561,345 -496,753 496,753
Increase in net position 33,410,407 403,132 27,401,644 232,628
Net position, beginning of year 215,751,755 1,179,204 188,350,111 946,576
Net position, end of year $249,162,162 $1,582,336 $215,751,755 $1,179,204

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1 Horizontal Analysis To perform horizontal analysis we will compare the figures for 2022 with those for 2021 and calculate the percentage change Balance Sheet Item 2022 2021 Change Cash and cash equi... blur-text-image

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