Calculate the following:

1. Current Ratio

2. Account Receivable

3. Average payment perior

4. Cash on hands (days)

5. Operating margin %

6. Excess margin %

7. Contractual allowances and discounts as a percentage of operating patient revenue

*contractual allowances and discounts divided by operating patient revenue

General Hospital (GH) is a freestanding 60-bed nongovernmental, not-for-profit HSO. Review the income statement and balance sheet provided here. Use the financial ratio formulas provided in Table 11.8 to calculate the values listed in the following table. $38,800,000 49,000,000 $87,800,000 (523,500,000) $64,300,000 GENERAL HOSPITAL INCOME STATEMENT (YEAR ENDING DECEMBER 31, 2013) Revenues Operating revenue Inpatient Outpatient Gross patient revenue Less contractual allowances & deductions Net patient operating revenue (operating revenue) Other income Contributions Misc. income Total other income Total operating revenue and income Expenses Salaries and benefits Depreciation and amortization Interest Other expenses Total operating expenses Net income Net operating income "Net operating revenue/income = 11,000,000 less 57,400,000 = $3,600,000. $ 2,000,000 5,400,000 7,400,000 $71,700,000 $27,000,000 3,400,000 300,000 30,000,000 560,700,000 $11,000,000 $ 3,600,000 $ 4,000,000 2,700,000 11,000,000 (2,800,000) 1,400,000 1,100,000 20,000 $17,420,000 GENERAL HOSPITAL BALANCE SHEET (YEAR ENDING DECEMBER 31, 2013) (continued) Assets Current assets Cash Temporary investments Accounts receivables (less allowance for uncollectable accounts receivables) Other receivables Inventory Prepaid expenses Total current assets Fixed assets Land and improvements (less accumulated depreciation) Buildings (less accumulated depreciation) Equipment (less accumulated depreciation) Total fixed assets Other assets (investments long term) Total assets Liabilities Current liabilities Accounts payable Wages and salaries payable Short-term loans Total current liabilities Long-term liabilities Mortgage payable Other long-term debt Total long-term liabilities Total liabilities Equity General fund balance Total liabilities and equity $ 3,000,000 (1,500,000) 24,000,000 (10,000,000) 45,000,000 (25,000,000) $35,500,000 $25,400,000 $78,320,000 $ 3,000,000 4,200,000 4,000,000 $11,000,000 $12,000,000 4,200,000 $16,200,000 $27,200,000 $51,120,000 578,320,000