Question
End of the year, The Vulcan Community Hospital's some parts of the balance sheet and the income statement is provided below. Based on the provided
End of the year, The Vulcan Community Hospital's some parts of the balance sheet and the income statement is provided below. Based on the provided information, what is the hospital's Days Cash on Hand ? Note: A fiscal year is 365 days. Some Accounts From The Balance Sheet Some Accounts From The Income Statement Current Assets Revenues Cash $ 569,000.00 Net Patient Services Revenue $ 400,000.00 Accounts Receivable,Net $ 185,000.00 Other Operating Revenue $ - Inventory $ 95,000.00 Total Reveneues from Operations $ 400,000.00 Prepaid Expense $ 5,000.00 Operating Expenses Total Current Assets $ 854,000.00 Salaries and Benefits $ 18,000.00 Liabilities & Net Assets Medical Supplies and Drugs $ 100,000.00 Current liabilities Insurance $ 36,000.00 Accounts Payable $ 320,000.00 Depreciation $ 40,000.00 Wages Payable $ 13,000.00 Interest $ 75,000.00 Total Current Liabilities $ 333,000.00 Provision for Bad Debts $ 40,000.00 Other Operating Expenses $
THe correct answer is $906. I don't understand how this could be the correct answer. Can you please show me how and where it came from?
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