Calculate the following financial ratios of the year 2003
1. ROE 2. Days cash on hands. 3. Debt service coverage ratio. 4. Days in accountable receivable. 5. Total asset turnover 
Fort Worth Osteopathic Hospital, Inc. Balance Sheets September 30 2003 2002 Assets Current assets: Cash and cash equivalents Assets limited as to use Accounts receivable, net of allowance for 100 S 100 3,407,029 2,212,816 doubtful accounts of $8,222,000 in 2003 and $7,420,000 in 2002 Third-party receivables Inventories Other current assets 1,355,576 2,769,435 215,084 22,056,231 15,503,220 14,320,531 3,189,275 3,368,086 624,444 24,909,465 Total current assets Assets limited as to use: Held by trustees under bond agreements Board designated depreciation reserve funds Board designated self-insurance funds 8,944,820 4,401,186 24,385 13,370,391 2,212,816 11,157,575 9,529,272 4,728,929 229,326 14,487,527 3,407,029 11,080,498 Less amount required to meet current obligations Notes receivable from affiliates 6,004,066 5,781,259 Property and equipment: Land and improvements Buildings and improvements Equipment Construction in progress 0,672 10,238,787 52,425,079 61,479,771 1,472,766 125,028,124 125,616,403 68,234,808 52,177,612 57,381,595 10,240,672 51,886,699 62,445,931 454,822 Less accumulated depreciation 72,850,512 Net property and equipment Debt issuance costs, less accumulated amortization of $1,098,380 in 2003 and $964,314 in 2002 3,233,426 S 94,494,844 $102,386,243 3,099,360 Total assets See accompanying notes Fort Worth Osteopathic Hospital, Inc. Balance Sheets (continued) September 30 2003 2002 Liabilities and Net Deficit Current liabilities: Payable to bank under line of credit Accounts payable Accrued interest payable Accrued salaries and employee benefits Current portion of professional liability Other accrued expenses Current maturities of long-term debt 11,011,174 1,788,146 2,884,590 1,580,000 2,347,099 2,639,347 24,488,078 S 2,237,722 4,800,000 7,972,980 1,825,028 2,366,744 1,772,000 2,193,605 2,238,830 23,169,187 Total current liabilities Long-term debt, less current maturities 79,796,291 81,634,441 Professional liability, less current portion 4,863,622 4,414,133 Net unrestricted deficit (14,653,147) 6,831,518) Total liabilies and net deficit S 94,494,844 $102,386,243 See accompanying notes Fort Worth Osteopathic Hospital, Inc. Statements of Operations and Changes in Net Assets Year ended September 30 2003 2002 Revenue: Net patient service revenue Other 120,576,459 111,211,897 1,540,742 121,805,597 112,752,639 1,229,138 Total revenue Expenses: 43,478,559 7,355,354 50,545,494 16,212,292 5,667,922 5,524,084 128,783,705 Salaries and wages 43,569,179 8,783,541 53,079,657 19,276,426 4,865,055 5,478,734 135,052,592 (6,978,108) (22,299,953) Employee benefits Supplies and other Provision for bad debts Depreciation and amortization Interest Total expenses Loss from operations Gain on sale of assets, net Contribution income Revenue under expenses 382,764 250,547 (6,824,884) (21,666,642) 18,478 134,746 Unrealized gain (loss) on investments, net Equity conversion of notes receivable to affiliates Distributions to parent Decrease in net assets Net (deficit) assets, beginning of year Net deficit, end of year (183,149) (9,500,000) 034,500 (7,821,629) (33,384,291) 26,552,773 $ (14,653,147) (6,831,518) 13,755 1,010,500) 6,831,518) See accompanying notes Fort Worth Osteopathic Hospital, Inc. Statements of Cash Flows Year ended Septeber 30 2003 2002 Operating Activities Decrease in net assets Equity conversion of notes receivable to affiliates Unrealized (gain) loss on investments Distributions to parent Revenue under expenses Adjustments to reconcile revenue under expenses to net S (7,821,629) S(33,384,291) * 9,500,000 183,149 2,034,500 (6,824,884) (21,666,642) (13,755) ,010,500 cash provided by operating activities: Depreciation and amortization Amortization of original issue discount Amortization of debt issuance costs Provision for bad debts Gain on sale of assets, net Effect of changes in operating assets and liabilities 5,667,922 70,407 134,066 16,212,292 (18,478) 4,865,055 70,407 134,067 19,276,426 (382,764) Accounts receivable, net Third-party receivables Inventories and other current assets Accounts payable Accrued interest payable, accrued salaries and (17,394,981) (10,082,434) 5,046,225 2,647,080 (1,208,224) 1,833,699 1,008,011 3,038,194 employee benefits, and other accrued expenses Professional liability 634,458 257,489 4,618,195 3,017,087 2,923,150 4,639,433 Net cash provided by operating activities Investing Activities Acquisitions of property and equipment Proceeds on sale of assets Net decrease in assets limited as to use Loans to affiliates Settlements of loans by affiliates Net cash provided by (used in) investing activities (2,215,287) (2,129,402) 1,455,598 640,470 (1,584,390) ,822,023) 289,072 (1,566,285) 2,287,555 1,130,891 1.361,583 980,352 Financing Activities Payments of long-term debt (Decrease) increase in short-term borrowings Distributions to parent Net cash used in financing activities (2,025,769)(,938,648) (2,562,278) 1,010,500) 5,598,547 900,000 (2,034,500) 3,073,148 Net incrcase (decrease) in cash and cash equivalents Cash and cash equivalents at beginning of year Cash and cash equivalents at end of year 100 100$ 100 See accompanying notes 0551865
