he following table provides the income statement and balance sheet for the Hale Medical Group. Complete the ratio worksheet. Explain the change in the ratios that increased or decreased $20\%$ or more from the prior year.

Searching for: Hale Medical Group income statement and balance sheet ratio worksheet Chapter

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$2$

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$$Financial Ratios and Operating Indicators

$$

Problem

$1$

$2$

$.$

$1$

$$

$$

Hale Income Statement

$$December December

Revenue

$3$

$1$

$,$

$2$

$0$

$2$

$1$

$3$

$1$

$,$

$2$

$0$

$2$

$2$

$$

Net Patient Service Revenue $

$5$

$,$

$0$

$0$

$0$

$,$

$0$

$0$

$0$

$$ $

$5$

$,$

$2$

$0$

$0$

$,$

$0$

$0$

$0$

$$

$$

$$

Total Operating Revenue $

$5$

$,$

$0$

$0$

$0$

$,$

$0$

$0$

$0$

$$ $

$5$

$,$

$2$

$0$

$0$

$,$

$0$

$0$

$0$

$$

$$

Operating Expenses

$$ Salaries and wages $

$3$

$,$

$5$

$0$

$0$

$,$

$0$

$0$

$0$

$$ $

$3$

$,$

$6$

$7$

$0$

$,$

$0$

$0$

$0$

$$

$$ Fringe benefits

$6$

$0$

$0$

$,$

$0$

$0$

$0$

$6$

$6$

$0$

$,$

$0$

$0$

$0$

$$

$$ Supplies

$5$

$0$

$0$

$,$

$0$

$0$

$0$

$5$

$1$

$0$

$,$

$0$

$0$

$0$

$$

$$

$$

Depreciation

$3$

$0$

$,$

$0$

$0$

$0$

$3$

$0$

$,$

$0$

$0$

$0$

$$

$$

$$

Interest

$2$

$5$

$,$

$0$

$0$

$0$

$3$

$0$

$,$

$0$

$0$

$0$

$$

Total Operating Expenses $

$4$

$,$

$6$

$5$

$5$

$,$

$0$

$0$

$0$

$$ $

$4$

$,$

$9$

$0$

$0$

$,$

$0$

$0$

$0$

$$

$$

Income from Operations $

$3$

$4$

$5$

$,$

$0$

$0$

$0$

$$ $

$3$

$0$

$0$

$,$

$0$

$0$

$0$

$$

$$

Nonoperating Gains

$($

Losses

$)$

$$

$$

$$

Investment Income $

$1$

$0$

$,$

$0$

$0$

$0$

$($

$

$1$

$5$

$,$

$0$

$0$

$0$

$)$

$$

Net Nonoperating Gains $

$1$

$0$

$,$

$0$

$0$

$0$

$($

$

$1$

$5$

$,$

$0$

$0$

$0$

$)$

$$

$$

Net Income $

$3$

$5$

$5$

$,$

$0$

$0$

$0$

$$ $

$2$

$8$

$5$

$,$

$0$

$0$

$0$

$$

$$

Hale Balance Sheet

$$December December

Assets

$3$

$1$

$,$

$2$

$0$

$2$

$1$

$3$

$1$

$,$

$2$

$0$

$2$

$2$

$$

Current Assets

$$

$$

Cash and cash equivalents $

$3$

$0$

$0$

$,$

$0$

$0$

$0$

$$ $

$4$

$0$

$0$

$,$

$0$

$0$

$0$

$$

$$

$$

Accounts receivable

$($

net

$)$

$4$

$5$

$0$

$,$

$0$

$0$

$0$

$4$

$9$

$0$

$,$

$0$

$0$

$0$

$$

$$

$$

Inventories

$3$

$5$

$,$

$0$

$0$

$0$

$4$

$0$

$,$

$0$

$0$

$0$

$$

$$

$$

Prepaid Insurance

$1$

$0$

$,$

$0$

$0$

$0$

$1$

$2$

$,$

$0$

$0$

$0$

$$

Total Current Assets $

$7$

$9$

$5$

$,$

$0$

$0$

$0$

$$ $

$9$

$4$

$2$

$,$

$0$

$0$

$0$

$$

Property, Plant, & Equipment

Equipment

$($

net

$)$

$$$

$2$

$0$

$0$

$,$

$0$

$0$

$0$

$$ $

$2$

$2$

$0$

$,$

$0$

$0$

$0$

$$

$$

$$

Buildings

$($

net

$)$

$3$

$7$

$5$

$,$

$0$

$0$

$0$

$3$

$5$

$0$

$,$

$0$

$0$

$0$

$$

$$

$$

Land

$2$

$0$

$0$

$,$

$0$

$0$

$0$

$2$

$0$

$0$

$,$

$0$

$0$

$0$

$$

Net Property, Plant, & Equipment $

$7$

$7$

$5$

$,$

$0$

$0$

$0$

$$ $

$7$

$7$

$0$

$,$

$0$

$0$

$0$

$$

Investments $

$3$

$2$

$,$

$0$

$0$

$0$

$$ $

$4$

$2$

$,$

$0$

$0$

$0$

$$

Total Assets $

$1$

$,$

$6$

$0$

$2$

$,$

$0$

$0$

$0$

$$ $

$1$

$,$

$7$

$5$

$4$

$,$

$0$

$0$

$0$

$$

$$

Liabilities

$1.$ The following table provides the income statement and balance sheet for the Hale Medical Group. Complete the ratio worksheet. Explain the change in the ratios that increased or decreased $20\%$ or more from the prior year.

Current Liabilities

$$ Current maturities of LT debt $

$4$

$0$

$,$

$0$

$0$

$0$

$$ $

$4$

$0$

$,$

$0$

$0$

$0$

$$

$$ Accounts payable

$2$

$5$

$,$

$0$

$0$

$0$

$3$

$0$

$,$

$0$

$0$

$0$

$$

$$

$$