Assume that the Statements are for a full year rather than 90 days and then calculate the following four ratios: Days Cash on Hand, Days Receivable, Debt Service Coverage Ratio, and Operating Margin for both statements. Please note that the Maximum Annual Debt Service for the practice is $22,200. Please assume that the Percent of Credit Revenues equals 100%.

Choper 12 4 H4 EXAMPLES AND EXERCISES, SUPPLEMENTAL MATEREALS, ANTi SOLUTIONS s Snith andl R DK.irs Smith and it unn Statement oNet for the Three Monchs Ended March 31,2 arch 51.2 Ne pati sevcee Other revesue Cash and cash equivalents Patient aceounts eeneeivable nventoris sapplies and dnigs 25,000 Lotal Operating Reven Expenses 180 000 ,000 Nurdng/Pt salaries derical sataries Payroll tases emplyre benelis Medical supplies and drugs Total Current Assets Propeny, Mant, and Equipment 0,000 ,800 5,000 uildings and Imprvements Fquipment 1,300,000 blicarions anisorial service Oice supplies Repairs and mainterance Utilities and telephone Depreciation Net Depreciable Asses 820,000 .300 1,900 6,000 30,000 Propety, Mant, and Equipment, Net Other es Total Asses iatalinics and Capital Current Liabilides 20,000 10,000 1,000,000 Ocher 5,000 Toal Expenises Income from Operations Nonoperating Gains oses 100,000 80000 Current maturities of long-term 10,000 debe Aecounts payable and acerued Inoerest Inoome 50,000 Nonoperaing ins Ne Ne Income Total Current Lia Long Term Debe Less Current Portion of Long Term Debt Net oTem Deb Total Liabilities 30,000 190,000 (10,00) 120000 200,000 800,000 1,000,000 Capital Total Liabilities and Capital octurs Smith and B for the Three Moeshs Ended March 31,2 Beginning Balae $720 Satemens of Change in Capital Ending Balance $300000) Copyrighted material Copyrighted material