Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Compute Wynn Memorial Nursing Homes return on total assets. Compute Wynn Memorial Nursing Homes operating margin. Wynn Mem orial Nursing Hom e Statem ent of

image text in transcribedCompute Wynn Memorial Nursing Homes return on total assets.

Compute Wynn Memorial Nursing Homes operating margin.

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions