Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

5 4 pts End of the year, The Vulcan Community Hospital's some parts of the balance sheet, the income statement, and cash flow statement is

5 4 pts End of the year, The Vulcan Community Hospital's some parts of the balance sheet, the income statement, and cash flow statement is provided below. Based on the provided information. What is the hospital's the Debt Service Coverage? Some Accounts From The Balance Some Accounts From The Income Statement Revenues Sheet Current Assets Net Patient Services Cash 3 415.000.00 $ 600,000.00 Revenue Accounts $ 599,000.00 Premium Revenue $ Receivable, Net Other Operating Inventory $ 100,000.00 $ Revenue Total Revenues from Prepaid Expense 5 6,000.00 $ 600,000.00 Operations Total Current Assets $ 1,120,000.00 Operating Expenses Total Liabilities & Net Assets $ 1,320,000.00 Salaries and Benefits $ 125.000.00 Medical Supplies and Current liabilities $ 125,000.00 Drugs Accounts Payable $ 435,000.00 Insurance $ 42.000.00 Wages Payable $ 100,000.00 Depreciation $ 40.000.00 Total Current Liabilities $ 535,000.00 Interest $ 85.000.00 Provision for Bad $ 35,000.00 Debts Other Operating Expenses $ Some Accounts From The Cash Flow Statement Cash Flows from Financing Activities Payment of mortgage principal Total Expenses from Operations Excess of Revenues Over Expenses Unrestricted Contributions $ 452.000.00 $ 148,000.00 $ 150,000.00 $ 35,000.00) Transfer to parents S Net Cash from Financing S (35,000.00) Net Income $ 298,000.00 Activities 2.11 220 8129 147

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Budget Management Comprehensive Beginner S Guide To Budget Management

Authors: Steve Wilson

1091168881, 978-1091168886

More Books

Students also viewed these Accounting questions

Question

1. What are the marketing implications of this situation?

Answered: 1 week ago