Balance Sheet F orX hos ital cororation durin . the ear ended at 31.12.2019 AED Liabilities an Equities AED 9,000 Account payables 6,000 M. Securities 3,000 Notes Payables 4,000 Net patients' receivables 5,000 T. current liabilities 10,000 Inventories 9,000 Long term Debts 20, 000 T. current Assets 26,000 T. Liabilities 30,000 Land and buildings 30,000 Common Stocks 20,000 (20,000 shares outstanding) Machines and equipment's 25,000 Retained earnings 31,000 T. Fixed Assets 55,000 T. owners' equity 51,000 T. Assets 81,000 T. Liabilities and equities 81,000 Note in 2019: Total hospital discharges = 1840 patients Gross patients' revenue = 22000 Gross inpatient revenue = 10000 Formulas: 0 Horizontal analysis = (subsequent year previous year/previous year) *100 0 Vertical analysis = (line item of interest/base line item) * 100 0 Adjusted discharge = (total hospital discharges * gross patients' revenue)/ gross inpatient revenue. EPS = NI/# of C/S Price per share / E.P.S B.V/P. S = T.E / # of C/S out standing NPM = NI/ Sales (total patients' revenue) (A) The following exhibits shows the income statement and the balance sheet for X hospital for the year ended 31/12/2019. Use this information in answering the following questions: [8 Marks] Income Statement For X hospital corporation during the year 2018, 2019 Item 2018 2019 Net patient service revenues (Sales) 15,000 22,000 Less: cost of nursing, administrative, depreciation and general (COGS) 12,000 13,000 Operating income (EBIT) 3,000 9,000 Less: interest expenses (10%) 300 900 Taxable income (EBT) 2,700 8,100 Less: Tax (5%) 135 405 Net income 2565 7695 Stock Price at the end of 2019 = 4.32 AED