Horizontal, vertical, and ratio analyses. Exhibits $4\mathrm{.}29$a and $4\mathrm{.}29$ b show the statement of operations and balance sheet for Resort Hospital for $20$ X $1$ and

$20$Xo$.$ The debt principal payment each year for Resort is $$1,000,000,$ and its adjusted discharges are $5,000$ for $20$ Xo and $5,500$ for $20x_1.$

a$.$ Perform horizontal and vertical analyses using the statement of operations.

b$.$ Perform horizontal and vertical analyses using the balance sheet.

c$.$ Compute all the selected ratios listed in Exhibit $4\mathrm{.}16$a$.$

Evaluate the financial state of Resort Hospital, a $60-$bed facility, using all of the above measures. Make the basis for the vertical analysis the year $20$Xo$.$

EXHIBIT $4\mathrm{.}28$b BALANCE SHEET FOR ISLAND REGIONAL MEDICAL CENTER

EXHIBIT $4\mathrm{.}29$a STATEMENT OF OPERATIONS FOR RESORT HOSPITAL