https://ecampus.phoenix.edu/secure/aapd/cist/vop/index.html

You will use the Patton-Fuller Community Hospital (PFCH) virtual organization for this assignment.

Followthe steps below to access the PFCH 2009 Annual Audit:

1) Click on "Virtual Organizations" under student materials. 2) Click on "Healthcare" across the top. 3) Click on Patton-Fuller Community Hospital in the drop down menu. 4) Click on Corporate Officers across the top. 5) Click on Chief Financial Officer in the drop down menu. 6) Click on Annual Report on the left side of the page.

Completethe Financial Data Analysis Template. Note the order of the 2009 and 2008 columns.

• In the third column, calculate the difference by subtracting 2008 data from 2009 data. For instance, with cash, this would be $22,995 - $41,851 = -$18,856.
• In the fourth column, calculate the percentage change from the 2008 number. For instance, with Net Patient Revenue, 2009 = $459,900 and 2008 = $418,509 providing a $ change (third column) of $41,391. For the % change (fourth column), $41,391 / 418509 = .0989 which would be 9.89% (which is .0989 * 100).
• Using the explanations column, explain why the significant changes occurred from one year to the next.This explanation is based on your conceptual understanding of the way specific line items on financial statements work as well as thorough review and research of the PFCH Annual Audit.

Clickthe Assignment Files tab to submit your assignment.

Note:The explanations column is not an opportunity to talk about what depreciation is, for example, but rather to discuss why depreciation increased so significantly at PFCH.

Patton-Fuller Community Hospital Balance Sheet as of December 31 2009 and 2008 (in thousands) (audited) ASSETS 2009 Current Assets Cash and cash equivalents Assets of limited use Patient accounts receivable (net of allowance for bad debts) Other receivables Inventories Prepaid expenses Total current assets Other Assets Funded Depreciation Held under bond indenture Property, plant and equipment Total assets LIABILITIES AND EQUITY Current Liabilities Current portion of long-term debt Accounts payable and accrued expenses Bond interest payable Total current liabilities Other Liabilities Long-term debt Less: Current portion of long-term debt Net long-term debt Total liabilities Equity Common Stock Retained earnings 22,995 2008 41,851 $ Change (18,856) % Change -45% Explanation of Changes Based on the Annual Report WHY did the changes occur? (If the cell is grayed out then you do not need to provide an explanation) Total liabilities and equity Patton-Fuller Community Hospital Statement of Revenue & Expense 2009 and 2008 (in thousands) (audited) REVENUE 2009 Net patient revenue Other revenue Total Revenue EXPENSES Salaries and benefits Supplies Physician and professional fees Utilities Other Depreciation & amortization (noncash expenses) Interest Provision for doubtful accounts Total Expenses INCOME Operating Income Investment Income Net Income 2008 $ Change % Change Explanation of Changes Based on the Annual Report WHY did the changes occur? (If the cell is grayed out then you do not need to provide an explanation)