Question
1.Using the information below, determine the operating margin for WTX Hospital: Net patient service revenue: $425,000 Other operating revenue: $12,000 Non-operating revenue: $7,800 Total expenses:
1.Using the information below, determine the operating margin for WTX Hospital: Net patient service revenue: $425,000 Other operating revenue: $12,000 Non-operating revenue: $7,800 Total expenses: $108,904 Net income: $8,572 2. Using the information below, determine the current ratio for WTX Hospital: Cash & equivalents: $75,000 Accounts receivable: $285,000 Net fixed assets: $1,425,750 Accounts payable: $125,000 Notes payable: $50,000 Capital lease obligations: $25,000 Net assets (equity): $1,350,000 3.Using the information below, determine the Days Cash on Hand for WTX Hospital: Cash and equivalents: $7,650 Short-term investments: $16,500 Net fixed assets: $278,000 Accounts receivable: $54,600 Wages & salaries: $190,350 Administrative costs: $12,500 Supplies: $10,750 Insurance: $7,250 Depreciation: $11,350 Notes payable: $18,750 Net Assets (equity): $56,500
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