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Compute Wynn Memorial Nursing Homes long-term debt to net assets ratio. Wynn Mem orial Nursing Hom e Statem ent of Operations (in 000) For the

Compute Wynn Memorial Nursing Homes long-term debt to net assets ratio.image text in transcribed

Wynn Mem orial Nursing Hom e Statem ent of Operations (in 000) For the Years Ended Decem ber 31, 2009 and 2008 Wynn Memorial Nursing Home Balance Sheet (in 000) For the Years Ending December 31, 2009 and 2008 2009 2008 2009 2008 Reve nues: Current Assets Cash and Cash Equivalents Net Patient Receivables Prepaid Expenses $30 295 $50 235 Total Revenues Net Patient Service Revenue Other Revenue $1,400 200 1,600 $1,200 200 1,400 80 365 Total Current Assets 405 Expenses: 1,150 100 1,320 110 20 50 1,500 Nursing Services A dministrative Services Plant, Property, & Equipment Gross Plant, Property, & Equipme 350 (less Accumulated Depreciation (70) 300 (50) 250 Deprec iation -General Services Total Ex penses 35 1,300 Net Plant, Property, & Equipment Construction in Progress Total Assets Current Liabilities: 280 203_0 Operating Inc ome 100 100 100 100 Excess of Revenues over Expenses $888 $615 Accounts Payable Salaries Payable $220 75 295 $190 50 240 Total Current Liabilities Long-Term Liabilities: Total Long-Term Liabilities Net Assets 100 100 Bonds Payable 20 20 493 355

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