Download and review the financial statements of Ascension Health a non profit organization Ascension Consolidated Balance Sheets (Dollars in Thousands) December 31, June 30, 2017 2017 Assets (unaudited) Current assets Cash and cash equivalents 473,278 $ 857,605 $ Short term investments 115,018 103,857 Accounts receivable, less allowance for doubtful accounts ($1,255,955 and $1,316,163 at December 31, 2017 and June 30, 2017, respectively) 2,817,396 2,758,554 Inventories 355,150 354,041 Due from brokers (see Notes 4 and 5) 108,494 197,195 Estimated third party payor settlements 202,236 133,715 Other (see Notes 4 and 5) 851,802 762,900 Total current assets 4,923,374 5,167,867 Long term investments (see Notes 4 and 5) 18,179,316 16,999,371 Property and equipment, net 9,076,785 9,182,978 Other assets Investment in unconsolidated entities 1,090,405 1,196,651 Capitalized software costs, net 869,708 880,819 Other (see Notes 4 and 5) 954,963 892,739 Total other assets 2,915,076 2,970,209 Total assets 35,094,551 $ 34,320,425 $ Continued on next page 3 December 31, June 30, 2017 2017 Liabilities and net assets (unaudited) Current liabilities Current portion of long term debt 95,870 $ 298,270 $ Long term debt subject to short term remarketing arrangements 897,390 999,785 Accounts payable and accrued liabilities (see Notes 4 and 5) 2,475,333 2,742,377 Estimated third party payor settlements 465,508 480,694 Due to brokers (see Notes 4 and 5) 233,665 115,783 Current portion of self insurance liabilities 232,681 206,787 Other 434,984 340,756 Total current liabilities 4,835,431 5,184,452 Noncurrent liabilities Long term debt (senior and subordinated) 5,904,323 5,699,440 Self insurance liabilities 490,344 513,010 Pension and other postretirement liabilities 1,153,384 1,318,331 Other (see Notes 4 and 5) 1,206,225 1,191,068 Total noncurrent liabilities 8,754,276 8,721,849 Total liabilities 13,589,707 13,906,301 Net assets Unrestricted Controlling interest 18,882,439 17,933,923 Noncontrolling interests 1,901,908 1,798,361 Unrestricted net assets 20,784,347 19,732,284 Temporarily restricted 499,959 468,938 Permanently restricted 220,538 212,902 Total net assets 21,504,844 20,414,124 Total liabilities and net assets 35,094,551 $ 34,320,425 Download and review the financial statements of HCA Holdings Inc a for profit organization Assets Fiscal year is January December All values USD millions 2013 2014 2015 2016 2017 5 year trend Cash Short Term Investments 476M 630M 791M 695M 732M Cash Only 414M 566M 741M 646M 732M Short Term Investments 62M 64M 50M 49M Cash Short Term Investments Growth 32 35 25 56 12 14 5 32 Cash ST Investments Total Assets 1 65 2 02 2 42 2 06 2 00 Total Accounts Receivable 5 21B 5 7B 5 9B 5 84B 6 5B Accounts Receivables, Net 5 21B 5 69B 5 89B 5 83B 6 5B Accounts Receivables, Gross 10 7B 10 71B 11 22B 10 81B 11 99B Bad Debt Doubtful Accounts (5 49B) (5 01B) (5 33B) (4 99B) (5 49B) Other Receivables 5M 5M 9M 9M Accounts Receivable Growth 9 32 3 49 1 07 11 41 Accounts Receivable Turnover 6 56 6 48 6 73 7 11 6 71 Inventories 1 18B 1 28B 1 44B 1 5B 1 57B Finished Goods Work in Progress Raw Materials Progress Payments Other Other Current Assets 1 17B 1 32B 1 1B 1 05B 1 17B Miscellaneous Current Assets 1 17B 1 32B 1 1B 1 05B 1 17B Total Current Assets 8 04B 8 93B 9 23B 9 09B 9 98B 2013 2014 2015 2016 2017 5 year trend Net Property, Plant Equipment 13 62B 14 36B 15 01B 16 35B 17 9B Property, Plant Equipment Gross 31 07B 32 98B 34 61B 37 06B 40 08B Buildings 11 21B 11 94B 12 53B 13 55B Land Improvements 1 49B 1 52B 1 52B 1 61B Computer Software and Equipment Other Property, Plant Equipment Accumulated Depreciation 17 45B 18 63B 19 6B 20 7B 22 19B Total Investments and Advances 569M 659M 610M 542M 617M Other Long Term Investments 448M 494M 432M 336M 418M Long Term Note Receivable 19M 20M 35M 36M Intangible Assets 5 9B 6 42B 6 73B 6 7B 7 39B Net Goodwill 6 02B 6 34B 6 33B Net Other Intangibles 399M 393M 374M Other Assets 684M 819M 1 12B 1 04B 710M Tangible Other Assets 447M 600M 1 12B 1 04B 710M Total Assets 28 83B 31 2B 32 74B 33 76B 36 59B Assets Total Growth 8 21 4 95 3 10 8 40 Liabilities Shareholders' Equity 2013 2014 2015 2016 2017 5 year trend ST Debt Current Portion LT Debt 786M 338M 233M 216M 200M Short Term Debt Current Portion of Long Term Debt 786M 338M 233M 216M 200M Accounts Payable 1 8B 2 04B 2 17B 2 32B 2 61B Accounts Payable Growth 12 87 6 63 6 82 12 42 Income Tax Payable Other Current Liabilities 3 11B 3 11B 3 11B 3 3B 3 35B Dividends Payable Accrued Payroll 1 19B 1 37B 1 23B 1 27B 1 37B Miscellaneous Current Liabilities 1 91B 1 74B 1 88B 2 04B 1 98B Total Current Liabilities 5 7B 5 48B 5 52B 5 83B 6 16B Long Term Debt 27 59B 29 31B 30 26B 31 16B 32 86B Long Term Debt excl Capitalized Leases 27 59B 29 31B 30 26B 31 16B 32 86B Non Convertible Debt 27 59B 29 31B 30 26B 31 16B Convertible Debt Capitalized Lease Obligations Provision for Risks Charges 949M 1 08B 1 12B 1 15B 1 2B Deferred Taxes Deferred Taxes Credit Deferred Taxes Debit Other Liabilities 1 53B 1 83B 1 9B 1 25B 1 37B Other Liabilities (excl Deferred Income) 1 53B 1 83B 1 9B 1 25B 1 37B Deferred Income Total Liabilities 35 76B 37 7B 38 79B 39 39B 41 59B Non Equity Reserves Total Liabilities Total Assets 124 03 120 83 118 46 116 69 113 65 Preferred Stock (Carrying Value) Redeemable Preferred Stock Non Redeemable Preferred Stock Common Equity (Total) (8 27B) (7 89B) (7 6B) (7 3B) (6 81B) Common Stock Par Carry Value 4M 4M 4M 4M Retained Earnings (9 4B) (7 58B) (7 34B) (6 97B) ESOP Debt Guarantee Cumulative Translation Adjustment Unrealized For Exch Gain 11M (36M) (74M) (211M) Unrealized Gain Loss Marketable Securities 7M 13M 13M 7M Revaluation Reserves Treasury Stock Common Equity Total Assets 28 68 25 30 23 21 21 63 18 60 Total Shareholders' Equity (8 27B) (7 89B) (7 6B) (7 3B) (6 81B) Total Shareholders' Equity Total Assets 28 68 25 30 23 21 21 63 18 60 Accumulated Minority Interest 1 34B 1 4B 1 55B 1 67B 1 81B Total Equity (6 93B) (6 5B) (6 05B) (5 63B) (5B) Liabilities Shareholders' Equity 28 83B 31 2B 32 74B 33 76B 36 59B Review the companies balance sheets, statements of income operations, and statements of cash flows Identify and describe five similarities and five differences between the two companies' financial statements Download and review the financial statements of Ascension Health a non profit organization at Community and Investor Relations Download and review the financial statements of HCA Holdings Inc HCA Healthcare Inc a for profit organization Review the companies balance sheets, statements of income operations, and statements of cash flows 1 ) Identify and describe five similarities and five differences between the two companies' financial statements

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Download and review the financial statements of Ascension Health-a non-profit organization. Ascension Consolidated Balance Sheets (Dollars in Thousands) December 31, June 30, 2017 2017 Assets

Download and review the financial statements of Ascension Health-a non-profit organization.

Ascension Consolidated Balance Sheets (Dollars in Thousands) December 31, June 30, 2017 2017 Assets (unaudited) Current assets: Cash and cash equivalents 473,278 $ 857,605 $ Short-term investments 115,018 103,857 Accounts receivable, less allowance for doubtful accounts ($1,255,955 and $1,316,163 at December 31, 2017 and June 30, 2017, respectively) 2,817,396 2,758,554 Inventories 355,150 354,041 Due from brokers (see Notes 4 and 5) 108,494 197,195 Estimated third-party payor settlements 202,236 133,715 Other (see Notes 4 and 5) 851,802 762,900 Total current assets 4,923,374 5,167,867 Long-term investments (see Notes 4 and 5) 18,179,316 16,999,371 Property and equipment, net 9,076,785 9,182,978 Other assets: Investment in unconsolidated entities 1,090,405 1,196,651 Capitalized software costs, net 869,708 880,819 Other (see Notes 4 and 5) 954,963 892,739 Total other assets 2,915,076 2,970,209 Total assets 35,094,551 $ 34,320,425 $ Continued on next page. 3 December 31, June 30, 2017 2017 Liabilities and net assets (unaudited) Current liabilities: Current portion of long-term debt 95,870 $ 298,270 $ Long-term debt subject to short-term remarketing arrangements* 897,390 999,785 Accounts payable and accrued liabilities (see Notes 4 and 5) 2,475,333 2,742,377 Estimated third-party payor settlements 465,508 480,694 Due to brokers (see Notes 4 and 5) 233,665 115,783 Current portion of self-insurance liabilities 232,681 206,787 Other 434,984 340,756 Total current liabilities 4,835,431 5,184,452 Noncurrent liabilities: Long-term debt (senior and subordinated) 5,904,323 5,699,440 Self-insurance liabilities 490,344 513,010 Pension and other postretirement liabilities 1,153,384 1,318,331 Other (see Notes 4 and 5) 1,206,225 1,191,068 Total noncurrent liabilities 8,754,276 8,721,849 Total liabilities 13,589,707 13,906,301 Net assets: Unrestricted Controlling interest 18,882,439 17,933,923 Noncontrolling interests 1,901,908 1,798,361 Unrestricted net assets 20,784,347 19,732,284 Temporarily restricted 499,959 468,938 Permanently restricted 220,538 212,902 Total net assets 21,504,844 20,414,124 Total liabilities and net assets 35,094,551 $ 34,320,425

Download and review the financial statements of HCA Holdings Inc. a for profit organization.

Assets

Fiscal year is January-December. All values USD millions.	2013	2014	2015	2016	2017
Cash & Short Term Investments	476M	630M	791M	695M	732M
Cash Only	414M	566M	741M	646M	732M
Short-Term Investments	62M	64M	50M	49M	-
Cash & Short Term Investments Growth	-	32.35%	25.56%	-12.14%	5.32%
Cash & ST Investments / Total Assets	1.65%	2.02%	2.42%	2.06%	2.00%
Total Accounts Receivable	5.21B	5.7B	5.9B	5.84B	6.5B
Accounts Receivables, Net	5.21B	5.69B	5.89B	5.83B	6.5B
Accounts Receivables, Gross	10.7B	10.71B	11.22B	10.81B	11.99B
Bad Debt/Doubtful Accounts	(5.49B)	(5.01B)	(5.33B)	(4.99B)	(5.49B)
Other Receivables	5M	5M	9M	9M	-
Accounts Receivable Growth	-	9.32%	3.49%	-1.07%	11.41%
Accounts Receivable Turnover	6.56	6.48	6.73	7.11	6.71
Inventories	1.18B	1.28B	1.44B	1.5B	1.57B
Finished Goods	-	-	-	-	-
Work in Progress	-	-	-	-	-
Raw Materials	-	-	-	-	-
Progress Payments & Other	-	-	-	-	-
Other Current Assets	1.17B	1.32B	1.1B	1.05B	1.17B
Miscellaneous Current Assets	1.17B	1.32B	1.1B	1.05B	1.17B
Total Current Assets	8.04B	8.93B	9.23B	9.09B	9.98B

	2013	2014	2015	2016	2017
Net Property, Plant & Equipment	13.62B	14.36B	15.01B	16.35B	17.9B
Property, Plant & Equipment - Gross	31.07B	32.98B	34.61B	37.06B	40.08B
Buildings	11.21B	11.94B	12.53B	13.55B	-
Land & Improvements	1.49B	1.52B	1.52B	1.61B	-
Computer Software and Equipment	-	-	-	-	-
Other Property, Plant & Equipment	-	-	-	-	-
Accumulated Depreciation	17.45B	18.63B	19.6B	20.7B	22.19B
Total Investments and Advances	569M	659M	610M	542M	617M
Other Long-Term Investments	448M	494M	432M	336M	418M
Long-Term Note Receivable	19M	20M	35M	36M	-
Intangible Assets	5.9B	6.42B	6.73B	6.7B	7.39B
Net Goodwill	-	6.02B	6.34B	6.33B	-
Net Other Intangibles	-	399M	393M	374M	-
Other Assets	684M	819M	1.12B	1.04B	710M
Tangible Other Assets	447M	600M	1.12B	1.04B	710M
Total Assets	28.83B	31.2B	32.74B	33.76B	36.59B
Assets - Total - Growth	-	8.21%	4.95%	3.10%	8.40%

Liabilities & Shareholders' Equity

	2013	2014	2015	2016	2017
ST Debt & Current Portion LT Debt	786M	338M	233M	216M	200M
Short Term Debt	-	-	-	-	-
Current Portion of Long Term Debt	786M	338M	233M	216M	200M
Accounts Payable	1.8B	2.04B	2.17B	2.32B	2.61B
Accounts Payable Growth	-	12.87%	6.63%	6.82%	12.42%
Income Tax Payable	-	-	-	-	-
Other Current Liabilities	3.11B	3.11B	3.11B	3.3B	3.35B
Dividends Payable	-	-	-	-	-
Accrued Payroll	1.19B	1.37B	1.23B	1.27B	1.37B
Miscellaneous Current Liabilities	1.91B	1.74B	1.88B	2.04B	1.98B
Total Current Liabilities	5.7B	5.48B	5.52B	5.83B	6.16B
Long-Term Debt	27.59B	29.31B	30.26B	31.16B	32.86B
Long-Term Debt excl. Capitalized Leases	27.59B	29.31B	30.26B	31.16B	32.86B
Non-Convertible Debt	27.59B	29.31B	30.26B	31.16B	-
Convertible Debt	-	-	-	-	-
Capitalized Lease Obligations	-	-	-	-	-
Provision for Risks & Charges	949M	1.08B	1.12B	1.15B	1.2B
Deferred Taxes	-	-	-	-	-
Deferred Taxes - Credit	-	-	-	-	-
Deferred Taxes - Debit	-	-	-	-	-
Other Liabilities	1.53B	1.83B	1.9B	1.25B	1.37B
Other Liabilities (excl. Deferred Income)	1.53B	1.83B	1.9B	1.25B	1.37B
Deferred Income	-	-	-	-	-
Total Liabilities	35.76B	37.7B	38.79B	39.39B	41.59B
Non-Equity Reserves	-	-	-	-	-
Total Liabilities / Total Assets	124.03%	120.83%	118.46%	116.69%	113.65%
Preferred Stock (Carrying Value)	-	-	-	-	-
Redeemable Preferred Stock	-	-	-	-	-
Non-Redeemable Preferred Stock	-	-	-	-	-
Common Equity (Total)	(8.27B)	(7.89B)	(7.6B)	(7.3B)	(6.81B)
Common Stock Par/Carry Value	4M	4M	4M	4M	-
Retained Earnings	(9.4B)	(7.58B)	(7.34B)	(6.97B)	-
ESOP Debt Guarantee	-	-	-	-	-
Cumulative Translation Adjustment/Unrealized For. Exch. Gain	11M	(36M)	(74M)	(211M)	-
Unrealized Gain/Loss Marketable Securities	7M	13M	13M	7M	-
Revaluation Reserves	-	-	-	-	-
Treasury Stock	-	-	-	-	-
Common Equity / Total Assets	-28.68%	-25.30%	-23.21%	-21.63%	-18.60%
Total Shareholders' Equity	(8.27B)	(7.89B)	(7.6B)	(7.3B)	(6.81B)
Total Shareholders' Equity / Total Assets	-28.68%	-25.30%	-23.21%	-21.63%	-18.60%
Accumulated Minority Interest	1.34B	1.4B	1.55B	1.67B	1.81B
Total Equity	(6.93B)	(6.5B)	(6.05B)	(5.63B)	(5B)
Liabilities & Shareholders' Equity	28.83B	31.2B	32.74B	33.76B	36.59B

Review the companies balance sheets, statements of income/operations, and statements of cash flows. Identify and describe five similarities and five differences between the two companies' financial statements. Download and review the financial statements of Ascension Health-a non-profit organization at Community and Investor Relations. Download and review the financial statements of HCA Holdings Inc. HCA Healthcare Inc. a for profit organization. Review the companies balance sheets, statements of income/operations, and statements of cash flows.

1.) Identify and describe five similarities and five differences between the two companies' financial statements.