Question
I need help. I don't know what to calculate. Please show work. And of the year, The Vulcan Community Hospital's some parts of the balance
I need help. I don't know what to calculate. Please show work. And of the year, The Vulcan Community Hospital's some parts of the balance sheet and the income statement is provided below. Based on provided the information, What is the hospital's Return on Net Assets?
Some Accounts From The Balance Sheet | |
Current Assets | $ 854,000.00 |
Current Liabilities | $ 333,000.00 |
Long-term Liabilities | $ 40,000.00 |
Total Net Assets | $ 1,141,000.00 |
Some Accounts From The Income Statement | |
Revenues | |
Net Patient Services Revenue | $ 400,000.00 |
Other Operating Revenue | $ - |
Total Reveneues from Operations | $ 400,000.00 |
Operating Expenses | |
Salaries and Benefits | $ 18,000.00 |
Medical Supplies and Drugs | $ 100,000.00 |
Insurance | $ 36,000.00 |
Depreciation | $ 40,000.00 |
Interest | $ 75,000.00 |
Provision for Bad Debts | $ 40,000.00 |
Other Operating Expenses | $ - |
Excess of Revenues Over Expenses | $ 91,000.00 |
Unrestricted Contributions | $ 100,000.00 |
Transfer to parents | $ - |
Net Income | $ 191,000.00 |
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