Question
By improving its net patient receivables management, Jim Medical Center increased its cash position by $3,420,000 between fiscal year 2018 and fiscal year 2019. Net
By improving its net patient receivables management, Jim Medical Center increased its cash position by $3,420,000 between fiscal year 2018 and fiscal year 2019. Net patient revenues in 2018 and 2019 were $350,456,000 and $371,483,000, respectively. Jim Medical Center had 71.4 days in patient accounts receivable in 2018. How many days in patient accounts receivable did the Hospital have in 2019?
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Fundamentals of Investing
Authors: Scott B. Smart, Lawrence J. Gitman, Michael D. Joehnk
12th edition
978-0133075403, 133075354, 9780133423938, 133075400, 013342393X, 978-0133075359
