I am having a really hard time with part 2. Can someone please show the work?

Required: 1. Compute the partial nancial productivity ratios for nursing and administrative support for the current and prior year 2. Separate the change in the partial financial productivity ratio from the prior year to the current year into productivity changes, input price changes, and output changes. (For all requirements, round your answers to 4 decimal places. Negative values should be indicated by a minus sign.) Financial partial productivity (Current year) 0.0282 Financial partial productivity (Prior year) 0.0259 2 Productivity change Input price change I _ Problem 16-49 Partial Operational and Financial Productivity; Medical Practice [LO 16-2] Family Medical Care (FMC) is a family medical practice with 8 physicians, a nursing staff of1O to 12 nurses, and an administrative staff that varies from 6 to 9 personnel. Rajat Patel, the chief physician at FMC, is interested in studying the efciency of the practice as a basis to set some benchmarks for further improvement, for rewarding his staff, and for comparing the efficiency of the FMC practice to other family medical practices. He is able to get comparable data for other practices from industry sources. 80 that the data are consistent with the industry sources, Patel has asked Marin & Associates, his accounting rm, to develop a set of productivity measures that would satisfy this requirement. Upon investigation, Joseph Marin nds that the measures to be used are the partial financial and operational productivity measures as dened in the chapter. The following information is for the last 2 years for the FMC practice: Current Prior Year Year Patient Visits 34,700 30,100 Nursing hours used 22,000 21,100 Administrative hours used 15,125 15,125 Cost of nursing support per hour 5 56.00 $ 55.00 Cost of administration per hour 5 41.60 $ 41.00 Industry average financial productivity Nursing 0 .025 0. 024 Administrative 1.290 1.310