Exhibits 4.20a and 4.20b show the statement of operations and balance sheet for Louisville Community Hospital for the years ended 20X0 and 20X1. Compute the following ratios for both years: current, quick, acid test, days in accounts receivable, DAYS CASH ON HAND, average payment period, operating revenue per adjusted discharge, operating expense per adjusted discharge, operating expense per adjusted discharge, salary and benefit expense as a percentage of total operating expense, operating margin, nonoperating revenue, return on total assets and net assets, total asset turnover, fixed asset turnover, age of plant, long-term debt to net assets, and net assets to total assets. Comment on Louisville's liquidity; efficient use of assets; revenue, expense, and profitability; and capital structure, citing at least one ratio per category. Use the national hospital industry benchmarks listed in exhibit 4.16a for 125 beds, and assume that Louisville's adjusted charges were 3,100 for 20X0 and 3,300 for 20X1.

Our group agree's on the answeres we've all come up with, with the exception of the days cash on hand for this question. Please help us figure out ONLY this part of the question (days cash on hand). Thanks!

Exhibit 4.20a STATEMENT OF OPERATIONS FOR LOUISVILLE COMMUNITY HOSPITAL Louisville Community Hospital Statement of Operations for the Years Ended December 31 20x1 and 20X0 (in thousands) 20X1 20X0 Revenues Net patient service revenue Net assets released from restriction Total operating revenues $23,000 1,000 $24,000 $19,000 $800 $19,800 Expenses Salaries and benefits Supplies and other expenses Depreciation General Services Total operating expenses 13,000 7,000 2,500 200 22,700 6,000 $1,300 $4,000 $2,700 Operating Income Nonoperating Income $2,500 $5,200 $5,200 Excess of revenue over expense $5,300 Increase (decrease) in net assetts S5,300 Exhibit 4.20b BALANCE SHEET FOR LOUISVILLE COMMUNITY HOSPITAL Louisville Community Hospital Balance Sheet December 31 20X1 and 20X0 (in thousands) 20X1 20X0 Current Assets Cash and cash equivalents Net patient receivables Inventory Total current assets $700 4.000 950 $5,650 $500 3,500 750 $5,250 Noncurrent assets Plant, property, and equipment Gross plant, property, and equipment less accumulated depreciation) Net plant, property, and equipment 26,500 -18,000 8,500 24.000 -17.000 7,000 Board-designated funds 18.000 9,000 Total assets $32,150 $21,250 Current liabilities Accounts payable Accrued expenses Total current liabilities 2,500 900 3,400 2,000 750 2,750 Long-term liabilities Bonds payable Total long-term liabilities 6500 8,000 6,500 S22,250 $32,150 8,000 $10,500 $21,250 Net assets Total liabilities and net assets