Question
Commonwealth Health Plans: HMO Plan Financial Data (millions of dollars) Statements of Operations 2012 2013 Premium revenue $313.70 $357.60 Interest income 2.4 3.5 Total revenues
Commonwealth Health Plans: HMO Plan Financial Data (millions of dollars)
Statements of Operations | 2012 | 2013 |
Premium revenue | $313.70 | $357.60 |
Interest income | 2.4 | 3.5 |
Total revenues | 316.1 | 361.1 |
Operating expenses | ||
Medical costs | $263.00 | $291.80 |
Selling and administrative | 36.8 | 43.6 |
Depreciation | 4.7 | 5.0 |
Total operating expenses | $304.50 | $340.40 |
Net income | $11.6 | $20.70 |
Balance Sheets | ||
Cash | $37.2 | $27.2 |
Marketable Securities | 42.7 | 60.9 |
Premiums receivables | 3.7 | 7.4 |
Total current assets | $83.6 | $95.5 |
Net fixed assets | 30.0 | 31.7 |
Total assets | $113.6 | $127.2 |
Medical costs payable | $44.8 | $48.7 |
Accounts payable/accruals | 15.4 | 17.3 |
Total current liabilities | $60.2 | $66.0 |
Long-term debt | 17.1 | 4.2 |
Net assets (equity) | 36.3 | 57.0 |
Total liabilities and net assets | $113.6 | $127.2 |
Other Data | ||
Medical loss ratio | 83.8% | 81.6% |
Administrative cost ratio | 13.2% | 13.6% |
Total commercial premium revenue | $170.9 | $205.6 |
Total Medicare revenue | $142.8 | $152.0 |
Total physician services expense | $125.6 | $127.1 |
Total inpatient expense | $80.8 | $90.1 |
Total other medical expense | $56.6 | $74.6 |
Solve for the following:
-Total margin for Common Wealth - Operating Margin for Common Wealth - Current Ratio - Days Cash on Hand - Debt Ratio - Current Asset Turnover - Total Asset Turnover - Day Premiums Receivable
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