6:31 Search 5G 56 asi8-1-Statement of Operations an... Switch To Light Mode BestCare Health Insurer Statement of Operations Year Ended June 30, 2021 (in Thousands) Revenue Healthcare premiums $26,682 Fees and other revenue 1,689 |Net investment income 242 Total revenues $28,613 Benefits and expenses Healthcare costs $15,154 Operating expenses Selling expenses 3,963 General and administrative expenses 7,893 Interest expense 385 Total expenses $27,395 Net income $1,218 BestCare Health Insurer Balance Sheet June 30, 2021 (in Thousands) ASSETS |Cash and cash equivalents $2,737 |Net premiums receivable 821 Other current assets 387 Total current assets $3,945 |Long-term investments $4,424 Net property and equipment $1,500 Total assets $9,869 |LIABILITIES AND EQUITY |Healthcare costs payable $2,145 |Accrued expenses 929 Unearned premiums 382 Total current liabilities Long-term debt Total liabilities Equity $3,456 $4,295 $7,751 $2,118 |Total liabilities and equity $9,869 000 000 LO 5 Dashboard Calendar To Do Notifications Inbox 6:31 Search 5G 56 Assignment Details HCR-477-W1-Financial Management in HCR (202320) Table 1 Total margin Total asset turnover Equity multiplier Return on equity Peer Group Average 3.8% 2.1 3.2 25.5% Q2. Calculate and interpret the following ratios (listed in Table 2) for BestCare. Peer group average ratios are also listed in Table 2. Table 2 Return on assets Current ratio DCOH (assume depreciation expense is $367) Average collection period Debt ratio Debt-to-equity ratio Times interest earned ratio Fixed asset turnover ratio Pr...us Submit Assignment 000 000 LO 5 : Dashboard Calendar To Do Notifications Inbox