Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following financial statements for Green Valley Nursing Home, Inc, a for-proit, long-term care facilty: 1,700,000 Lomg-Herm debt Shareholders' equity Green Valley Nursiag ITome,

image text in transcribed

Consider the following financial statements for Green Valley Nursing Home, Inc, a for-proit, long-term care facilty: 1,700,000 Lomg-Herm debt Shareholders' equity Green Valley Nursiag ITome, Iac. Statement of Iacome and Retained Earnings 5100,000 $257,842 357.842 $2.502,992 Common stock,S1O par value Retained earnings Year Ended December 31, 2xx Net patient service revenue Other revenue S3,168,258 5106.146 53,274,404 Total shareholders" equity Total liabilities and shareholders' equity Total revenues a. Perform a Du Pont analysis oa Green Valley. Assume that the industry average ratios are follows: Salaries and beneits Medical sapplies and drugs Issurance and other Rent 1 515,438 5966,781 Total margin Total asset turnover Equity multiplier Return on equity (ROE) 1.5 2.5 13.1% $110.000 b. Interpret the results 206,780 Total expenses Operatiag income Provision for income taxes Net income Retained earnings, beginning ot year Retained earnings, end of year 53,180,356 Complete the DuPont Analysis Fill in Blue Cells 531.167 62.881 ROE Total rgia x Total asset taraover Xultiplier 5199,96 X Total assets Total equity 5262.842 Total equity Green Valley Grem Valley Nursing Home,Iac DIVO! DIVIO XDIVA Year Ended Deeember 31, 2xxx 13.1% 1.5 2.5 $105.73 Cash Marketable secarities Net patient accounts receivable $215.600 587.655 Property and equiprment Net property and equipment Tetal asets 5356.000 $2200,000 52.808,992 Liabalities and Shareholders' Equity Current liabilities: Accounts payable Accrued expenses Notes payable Current portion of long-term debt 572.250 $192.900 S100.00 580,000 Total current liabilities

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Real Estate Finance And Investment

Authors: Terrence M. Clauretie, G. Stacy Sirmans

8th Edition

1629809942, 9781629809946

More Books

Students also viewed these Finance questions

Question

3.1 Given A = 3E1, E3, E6, E94 , define A.

Answered: 1 week ago